Acca aaa s21 Notes

September 2021 to June 2022 exams
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If one or more requested representations are not provided then the auditor must re-evaluate the 
integrity of management and assess their proposed audit opinion. If the required representations 
(about management's responsibilities) are not provided or not reliable, the auditor must 
disclaim
an 
opinion.
3. Examples
Here are examples of subject-matter specific written representations that are required by ISAs other 
than ISA 580:
๏
Any knowledge or suspicion of fraud has been disclosed to the auditor (ISA 240).
๏
Similarly, all known instances of actual or suspected NOCLAR have been disclosed to the auditor 
(ISA 250).
๏
All known actual or possible litigation and claims has been disclosed to the auditor and 
accounted for/disclosed in accordance with financial reporting requirements (ISA 501).
๏
Belief that significant assumptions used in making accounting estimates are reasonable (ISA 
540).
๏
All known related parties, relationships and transactions have been disclosed to the auditor and 
accounted for/disclosed in accordance with financial reporting requirements (ISA 550).
๏
All events occurring subsequent to the date of the financial statements have been adjusted or 
disclosed as required (ISA 560).
๏
Plans for future actions relating to management’s going concern assessment and the feasibility 
of these plans (ISA 570).
You should appreciate the necessity of these representations to obtain sufficient appropriate 
evidence about the assertion of