Page 126 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori
Action: Take appropriate actions, including determining the possible effect on the opinion in the auditor's
report in accordance with SA 705.

(CNO-SA580.100) Doubt as To the Reliability of Written Representation

Concerns Over Integrity, Ethics, Competence, Diligence of Management
Integrity & Ethics: Auditor's concerns about management's ethical values and integrity.
Competence: Doubts regarding management's competence.
Diligence: Questions about management's diligence.
Commitment: Concerns about management's commitment to uphold values.
Effect on Evidence: Determine the impact of these concerns on the reliability of representations and audit
evidence.
Inconsistency with other audit evidence
Inconsistency: Identification of inconsistency between written representations and other audit evidence.
Resolution Procedures: Performance of audit procedures to attempt to resolve the inconsistency.
Reassessment: Reconsideration of management's competence, integrity, ethical values, or diligence if
inconsistency remains unresolved.
Effect on Reliability: Determination of the effect of unresolved matters on the reliability of representations
(oral or written) and audit evidence in general.
Auditor Concludes WR not reliable
Unreliability Conclusion: Auditor concludes that written representations are not reliable.
Appropriate Actions: Taking appropriate actions due to unreliability.
Effect on Opinion: Determining the possible effect on the opinion in the auditor's report in accordance with
SA 705.

NOTE: As per Our past experience Concepts & Questions given in main ICAI Module are extremely important
& there are high chances that whole paper will come from here, so we have restricted only SM based content in
Chapters. Further extra content of SA’s given in Index or where module coverage is not adequate is given at the
end as a separate Chapter. So that students can deal with such content separately with different strategy.

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