The management letter is used: A) to list all reportable conditions with respect to internal controls. B) to make recommendations to the entity based on observations made during the audit. C)to confirm the terms of the audit engagement. D) to allow management to document, in writing, oral representations to the auditor.
The management letter is used: A) to list all reportable conditions with respect to internal controls. B) to make recommendations to the entity based on observations made during the audit. C)to confirm the terms of the audit engagement. D) to allow management to document, in writing, oral representations to the auditor.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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V3. The management letter is used:
A) to list all reportable conditions with respect to internal controls.
B) to make recommendations to the entity based on observations made during the audit.
C)to confirm the terms of the audit engagement.
D) to allow management to document, in writing, oral representations to the auditor.
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