Management Representations
SA 580, “Written Representations” requires the auditor to obtain written representations from management and where appropriate those charged with governance. Such representations would include:
a) Completeness of components included in the CFS.
b) Identification of reportable segments for segmental reporting.
c) Identification of related parties and related party transactions for reporting.
d) Appropriateness and completeness of consolidation adjustments, including the elimination of intra-group transitions.