What is the letter called that is drafted by the auditor and reports observations to management which may help management perform more effectively?
A)The letter of reportable conditions.
B)The management representation letter.
C)The management letter.
D)The contingent events document.

Question

Quizplus · Accepted Answer

The letter referred to in the question is the management letter, which is typically included in an audit report and provides observations and recommendations to the entity's management. Choice A refers to a type of letter that highlights significant deficiencies or material weaknesses in internal control, whereas choice B refers to a letter from management providing representations about financial statements and other matters. Choice D is not a relevant document in this context.

What Is the Letter Called That Is Drafted by the Auditor