Which of the following is false regarding the management letter? a. The management letter is the...
Which of the following is false regarding the management letter?
| a. |
The management letter is the same as the management representation letter. |
|
| b. |
The management letter helps to provide management comfort that the auditor has done a quality job. |
|
| c. |
The management letter helps provide management with information that the auditor knows and understands the client’s business. |
|
| d. |
The management letter is not required |
Homework Answers
a. The management letter is the same as the management representation letter
Reason:-
Management letteris a letter to management regarding internal control deficiencies/weaknesses.
Management representation letteris a letter from the management confirming its responsibility and its oral representations.
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