PSA-580-Revised-and-Redrafted

PSA-580-Revised-and-Redrafted - surance Standards B...

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surance Standards B Philippine Standard on Auditing 580 (Revised and Redrafted) WRITTEN REPRESENTATIONS Auditing and Assurance Standards Council
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PSA 580 (Revised and Redrafted) 1 PHILIPPINE STANDARD ON AUDITING 580 (REVISED AND REDRAFTED) WRITTEN REPRESENTATIONS (Effective for audits of financial statements for periods beginning on or after December 15, 2009) CONTENTS Paragraph Introduction Scope of this PSA. ......................................................................................... 1-2 Written Representations as Audit Evidence. ................................................. 3-4 Effective Date. ............................................................................................... 5 Objectives ..................................................................................................... 6 Definitions .................................................................................................... 7-8 Requirements Management from whom Written Representations Requested. .................... 9 Written Representations about Management’s Responsibilities. .................. 10-12 Other Written Representations. ..................................................................... 13 Date of and Period(s) Covered by Written Representations. ........................ 14 Form of Written Representations. .................................................................. 15 Doubt as to the Reliability of Written Representations and Requested Written Representations Not Provided. .................................................... 16-20 Application and Other Explanatory Material Written Representations as Audit Evidence. ................................................. A1 Premise, relating to Management’s Responsibilities, on which an Audit is Conducted……………………………………….……………. A2-A3 Management from whom Written Representations Requested. ................... A4-A8 Written Representations about Management’s Responsibilities. ................. A9-A11 Other Written Representations. .................................................................... A12-A15 Communicating a Threshold Amount. ......................................................... A16 Date of and Period(s) Covered by Written Representations. ....................... A17-A20 Form of Written Representations. ............................................................... A21-A23 Communication with Those Charged with Governance. ............................. A24 Doubt as to the Reliability of Written Representations and Requested Written Representations Not Provided. ................................................. A25-A29 Acknowledgment
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PSA 580 (Revised and Redrafted) 2 Appendix 1: List of PSAs Containing Requirements for Written Representations Appendix 2: Illustrative Representation Letter Philippine Standard on Auditing (PSA) 580 (Revised and Redrafted), “Written Representations” should be read in conjunction with [proposed] PSA 200 (Revised
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This note was uploaded on 12/14/2011 for the course ACCO 101 taught by Professor Various during the Spring '11 term at Binghamton.

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PSA-580-Revised-and-Redrafted - surance Standards B...

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