
For the following statement concerning written representations letters, select whether it is of no relevance, depends on the type of business, true or false.
- The written representation letter must include a list of all uncorrected misstatements.
Select ONE answer:
- No relevance
- False
- Depends on the type of business
- True
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct – The written representation letter must include a list of all uncorrected misstatements. It shall also include a statement that the directors believe the total of uncorrected misstatements to be immaterial to the financial statements as a whole.

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