While there is no professional requirement to do so on audit engagements, CPAs frequently issue a formal "management" letter to clients.The primary purpose of this letter is to provide:
A)evidence indicating whether the auditor is reasonably certain that internal accounting control is operating as prescribed.
B)a permanent record of the internal accounting control work performed by the auditor during the course of the engagement.
C)a written record of discussions between auditor and client concerning the auditor's observations and suggestions for improvements.
D)a summary of the auditor's observations that resulted from the auditor's special study of internal control.

Question

Quizplus · Accepted Answer

The primary purpose of a management letter is to provide a written record of discussions between the auditor and client concerning the auditor's observations and suggestions for improvements. It is not intended to provide evidence or a permanent record of internal accounting control work, nor is it a summary of observations resulting from a special study of internal control.

While There Is No Professional Requirement to Do So on Audit