A management letter is ________.
A)formally sent by the auditor to the client before acceptance of the engagement
B)a deliverable prepared by the audit team and provided to those charged with governance
C)sent from management to the auditor, detailing management's assessment of the auditor's performance during the audit
D)sent to the auditor by management, giving permission to contact the predecessor auditor

Question

Quizplus · Accepted Answer

A management letter is a deliverable prepared by the audit team and provided to those charged with governance. It includes recommendations for improving internal controls and other areas of the organization's operations. It is not formally sent by the auditor to the client before acceptance of the engagement, it is not sent from management to the auditor, and it does not give permission to contact the predecessor auditor.

A Management Letter Is ________