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AICPA Exam CPA-Auditing Topic 2 Question 109 Discussion
Topic #: 2
Which of the following factors is (are) considered in determining the sample size for a test of controls?
Choice 'a' is correct. It is appropriate for the representation letter to contain a statement regarding subsequent events.
Choice 'b' is incorrect. The representation letter typically includes information in four categories: financial statements; completeness; recognition, measurement, and disclosure; and subsequent events.
The communication of significant deficiencies in internal control does not fall within these categories.
Choice 'c' is incorrect. The representation letter typically includes information in four categories: financial statements; completeness; recognition, measurement, and disclosure; and subsequent events.
A waiver of attorney-client privilege does not fall within these categories.
Choice 'd' is incorrect. While this may be an accurate statement, it is not something that would be included in the management representation letter. The representation letter typically includes information in four categories: financial statements; completeness; recognition, measurement, and disclosure; and subsequent events.
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