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What is Corroborative Audit Evidence in MRs about?

This document discusses management representations (MR) which are statements made by management to the auditor during an audit. MR can serve as audit evidence when other evidence is unavailable. The three main points are: 1) MR should be viewed with professional skepticism by the auditor due to the potential for bias, though written representations are more reliable than verbal. 2) Circumstances where MR are necessary include a lack of evidence on material items, uncorrected errors, and matters of judgme

Author

Prince Nasir

Language

EN