Problem

Indicate the type of communication(s) that correspond to each of the following statements....

Indicate the type of communication(s) that correspond to each of the following statements. Use the letters A (attorney letter), M (management letter), and WR (written representations). Each statement may be related to more than one type of communication.

_____ 1. Discusses management’s responsibility for the fairness of the financial statements.

_____ 2. Is obtained on the date of the auditors’ report.

_____ 3. Provides auditors with significant evidence regarding litigation, claims, and assessments.

_____ 4. Discusses the absence of fraud activity by the client and its personnel.

_____ 5. Is not required by generally accepted auditing standards.

_____ 6. Is intended to be returned to auditors as a form of evidence.

_____ 7. Is typically prepared following the audit report release date.

_____ 8. Is signed by an executive of the client.

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