Which of the following items would appear in a management letter of representation?
A)That a physical inventory was taken,and properly valued.
B)That the control systems are operating effectively.
C)That management has adequate insurance to ensure its ongoing operations.
D)That all financial records and related data were made available to the auditors.

Question

Quizplus · Accepted Answer

A management letter of representation typically includes statements where management confirms that all financial records and related information have been made available to the auditors. This is essential for the auditors to ensure that they have all the necessary information to conduct their audit.

Which of the Following Items Would Appear in a Management