These are necessary information that the auditor requires in connection with the audit of the entity's financial statements.I : Management RepresentationII : Auditor's RepresentationSelect one:a.Either A or Bb.Both A and Bc.I onlyd.II only

A written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. Written representations in this context do not include financial statements, the assertions therein, or supporting books and records.I : Management RepresentationII : Auditor's RepresentationSelect one:a.II onlyb.Neither I nor IIc.I onlyd.Both I and IIClear my choice

The financial statements subject to audit are those of the entity, prepared and presented by external auditors of the entity with oversight from the managementSelect one:TrueFalse

In conducting an audit of financial statements, the overall objectives of the auditor are:I : To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework;II : To report on the financial statements, and communicate as required by the PSAs, in accordance with the auditor's findings.Select one:a.Both I and IIb.Neither I nor IIc.II onlyd.I only

Which of the following is usually included or shown in the auditor's working papers?Select one:a.The procedures used by the auditor to verify the personal financial status of members of the client's management teamb.Analyses that are designed to be a part of, or a substitute for, the client's accounting recordsc.The manner in which exceptions and unusual matters disclosed by the auditor's procedures were resolved or treatedd.Excerpts from authoritative pronouncements that support the underlying generally accepted accounting principles used in preparing the financial statements

The auditor should obtain evidence that management acknowledges its responsibility for the fair presentation of the financial statements in accordance with GAAP in the Philippines, and has approved the financial statements. The auditor can obtain evidence of management's acknowledgment of such responsibility and approvalI. From relevant minutes of meetings of the board of directors or similar body.II. By obtaining a written representation from management.III. By obtaining a signed copy of the financial statementsSelect one:a.None of theseb.I onlyc.Any of thesed.Either I or II