Although There Is No Professional Requirement to Do So on Audit

question 73

Multiple Choice

Although there is no professional requirement to do so on audit engagements, auditors normally issue a formal 'management' letter to their clients. This letter serves the following purpose/s:

• A) to provide a written record of the auditor's observations and suggestions for improvement.
• B) to encourage a better relationship between the audit firm and management and to suggest additional services that the firm can provide.
• C) to demonstrate to management that the audit firm adds value beyond the audit service.
• D) all of the above

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Definitions:

Decimal Place

The position of a digit to the right of the decimal point in a number, indicating its value.

Syringe Size

The volume capacity of a syringe, typically measured in milliliters (ml) or cubic centimeters (cc), used for the administration of injections.

Prefilled Syringe

A syringe filled with a fixed dose of medication or vaccine, ready for use, intended to reduce preparation time and dosing errors.