Xiao,PA,is the auditor of Minkle Credit Union,a medium-sized credit union.Xiao has prepared a management letter with several serious control weaknesses.Management agrees with the facts,but does not want to present the letter with the weaknesses to the audit committee or the board of directors.Management has implied that they will request a change of auditors if your firm presents the management letter to the board.
Required: Discuss the actions that Xiao should take.Justify your response.

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The Answer of Xiao,PA,is the auditor of Minkle Credit Union,a medium-sized credit union.Xiao has prepared a management letter with several serious control weaknesses.Management agrees with the facts,but does not want to present the letter with the weaknesses to the audit committee or the board of directors.Management has implied that they will request a change of auditors if your firm presents the management letter to the board.
Required: Discuss the actions that Xiao should take.Justify your response.

Xiao,PA,is the Auditor of Minkle Credit Union,a Medium-Sized Credit Union