As part of an audit, a CPA often requests a representation letter from the entity. Which one of the following is not a valid purpose of such a letter?
A. To provide audit evidence.
B. To emphasize to the entity their responsibility for the fairness of the financial statements.
C. To satisfy himself or herself that a certain account balance is fairly stated when certain customary auditing procedures are not performed.
D. To provide possible protection to the CPA against a charge of knowledge in cases where fraud is subsequently discovered to have existed in the accounts.
Answer: To satisfy himself or herself that a certain account balance is fairly stated when certain customary auditing procedures are not performed.
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