Which of the following matters most likely would be included in a management representation letter? Group...
Which of the following matters most likely would be included in a management representation letter?
Group of answer choices
An assessment of the risk factors concerning the misappropriation of assets.
An evaluation of the litigation that has been filed against the entity.
A statement that the effects of all known or possible litigation and claims have been accounted for and disclosed.
A statement that all material internal control weaknesses have been corrected.
Homework Answers
C. A statement that the effects of all known or possible litigation and claims have been accounted for and disclosed.
The management representation letter should disclose that the effects of all known or possible litigation and claims have been accounted for and disclosed.
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Which of the following matters most likely would be included in
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