Final answer:
The chief executive officer and the chief financial officer normally sign the written representation acknowledging responsibility for the financial statements' presentation, reflecting their central role in financial accuracy and accountability.
Step-by-step explanation:
A written representation from an entity's management that acknowledges responsibility for the fair presentation of financial statements is typically signed by the chief executive officer (CEO) and the chief financial officer (CFO). These top executives play a crucial role in certifying that the financial information provided in the statements is accurate and complete. The CEO leads the company’s overall strategy and operations, while the CFO is responsible for the financial planning, risk management, and record-keeping. It is essential they attest to the financial statements, as financial integrity and accountability rest significantly on their shoulders.
The board of directors, serving as an institution of corporate governance, oversees the company's top executives, ensuring alignment with shareholders' interests. Although they play a significant role in governance, they are not typically responsible for signing off on the day-to-day financials, which is why options 2, 3, and 4 are not standard. In addition, scenarios such as the Lehman Brothers collapse serve as a reminder of the critical importance of accurate financial disclosure and the consequences of governance failures.