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Answer choices in this exercise appear in a different order each time the page is loaded. What should be included in a management representation letter?Contents of a Management Representation Letter
All financial records have been made available to the auditors. All board of directors minutes are complete. Management has made available all letters from regulatory agencies regarding financial reporting noncompliance. There are no unrecorded transactions.
Which of the following matters is not ordinarily included in a management representation letter?Which of the following matters is not ordinarily included in a management representation letter? Disclosure of compensating balances and other arrangements involving restrictions on cash balances.
Which of the following matters most likely would be included in a management representation letter?Which of the following matters will an auditor most likely include in a management representation letter? Management's acknowledgment of its responsibility to detect employee fraud.
What is contained in the letter of representation?The Letter of Representations is a letter written from the Association to its accountant representing that the financial statements for the time period covered by the engagement are the responsibility of "management".
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