CA Keshav has been re-appointed as the auditor of PKT Ltd. In order to re-confirm certain matters, he has requested the management to provide…

As per SA 580, “Written Representations”, the written representations requiring fulfilment of management responsibilities in relation to above draw on the agreed acknowledgement and understanding of management of its responsibilities in the terms of the audit engagement by requesting confirmation that it has fulfilled them. The auditor, CA Keshav of PKT Ltd, may also ask management of PKT Ltd to reconfirm its acknowledgement and understanding of those responsibilities in written representations. This is particularly appropriate when: (i) Those who signed the terms of the audit engagement on behalf of the entity no longer have the relevant responsibilities; (ii) The terms of the audit engagement were prepared in a previous year; (iii) There is any indication that management misunderstands those responsibilities; or (iv) Changes in circumstances make it appropriate to do so.