Because a management representation letter is a written statement from a non-independent source, it cannot be regarded as sufficient evidence of any assertions.

Question

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A management representation letter is a statement provided by the management of a company and therefore cannot be considered as independent evidence as it may be biased or may not cover all aspects of a particular assertion. It is important to gather corroborating evidence from other sources to support any assertions made in the management representation letter.

Because a Management Representation Letter Is a Written Statement from a Non-Independent