2026 Professional Ethics for Louisiana CPAs in NonPublic Practice (Answer)
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Discussion Question #15
A CPA in business and industry should refuse to sign an audit representation letter in which of the following circumstances?
a. The representation letter is for an audit of financial statements that are not prepared in accordance with US GAAP.
b. The CPA was not employed at all times during the period under audit
c. The audit fee is not yet paid
d. The representation letter contains inaccurate statements <– Correct Answer
Watch the video below to see an explanation for the answer.