For which of the following matters should an auditor obtain written management representations?
A. Management's cost-benefit justifications for not correcting internal control weaknesses.
B. Management's knowledge of future plans that may affect the price of the entity's stock.
C. Management's compliance with contractual agreements that may affect the financial statements.
D. Management's acknowledgment of its responsibility for employees' violations of laws.
Answer: Management's compliance with contractual agreements that may affect the financial statements.
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