The International Auditing and Assurance Standards Board has revised the international standards requiring management to provide auditors with a clear written statement that auditors have received all the information they need.

International Standard on Auditing 580 (Revised and Redrafted), Written Representations, requires the auditor to request management to provide written representations that it has fulfilled its responsibility for the preparation and presentation of the financial statements, has provided the auditor with all the relevant information, and that all transactions have been recorded and are reflected in the financial statements.

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