The management letter discusses ________.
A)all issues that management wishes to bring to the attention of the auditor
B)all current and pending litigation against the client
C)internal control weaknesses and other matters discovered during the course of the audit
D)management's disagreements with the auditors regarding certain accounting principles

Question

Quizplus · Accepted Answer

The management letter typically discusses internal control weaknesses and other matters discovered during the course of the audit. It is meant to bring any deficiencies or areas for improvement to the attention of management to help enhance the effectiveness and efficiency of the organization's operations. It is not meant to discuss all issues that management wishes to bring to the attention of the auditor, current and pending litigation, or management's disagreements with the auditors regarding certain accounting principles.

The Management Letter Discusses ________