[Anonymous]

My (Becker) Audit book says “GAAS contains the following requirements not included in the ISAs: a. A requirement that the description of management’s responsibilities for the financial statements in the auditor’s report should not be referenced to a separate statement by management about such responsibilities if such a statement is included in a document containing the auditor’s report.”

I googled this sentence and ended up on the AICPA’s website where I found, “.28 The description about management’s responsibility for the financial statements in the auditor’s report should not be referenced to a separate statement by management about such responsibilities if such a statement is included in a document containing the auditor’s report. (Ref: par. .A25)”

I’m still unsure what this is saying exactly. Can anyone interpret? Specifically the “separate statement by management” – what would that be?

[Anonymous]

Honestly, I would mark this one up to one of those things you just don't worry about. I highly doubt you will get something on your test referencing this. Save yourself the time and move on, haha.

[Anonymous]

I was kind of thinking that, thanks.

[Author]

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