The purpose of the management letter is to ________.
A)meet the auditor's responsibility for communicating internal control matters in writing on a timely basis with those charged with governance
B)inform management of the auditors pending desire to withdraw from the engagement
C)meet the auditor's responsibility for communicating external control matters in writing on a timely basis with those charged with governance
D)request management confirm the makeup and composition of its board of directors and any associated conflicts of interest

Question

Quizplus · Accepted Answer

The purpose of the management letter is to meet the auditor's responsibility for communicating internal control matters in writing on a timely basis with those charged with governance. It is not to inform management of the auditor's pending desire to withdraw from the engagement or to communicate external control matters. It also does not request management to confirm the makeup and composition of its board of directors and any associated conflicts of interest.

The Purpose of the Management Letter Is to ________