Question

The letter of representation obtained from an audit client should be

A) dated as of the end of the period under audit.
B) dated as of the audit report date.
C) dated as of any date decided upon by the client and auditor.
D) dated as of the issuance of the financial statement.

Answer 1

The letter of representation from an audit client should be dated as of the audit report date, as it confirms the management's presentation and assertions in the financial statements at the time when the auditors express their opinion.

Step-by-step explanation:

The letter of representation, also known as the management representation letter, should be dated as of the audit report date. This is because the letter contains management's confirmation of the truth and fairness of the information presented in the financial statements, and it is essential that this representation is current as of the date when the auditors finalize their opinion. It's a written statement by management provided to the auditors to confirm certain matters or to support audit evidence obtained during the audit.