The Auditor Relies on the Management Representation Letter To

question 14

Multiple Choice

The auditor relies on the management representation letter to:

• A)guarantee the absence of management fraud.
• B)confirm written representations given to the auditor.
• C)document the continuing materiality of management representations.
• D)reduce the possibility of misunderstanding concerning management's representations.

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Definitions:

Indirect Communications

A communication style where messages are conveyed through implication or suggestion rather than direct statements.

Negotiator's Opinions

The personal beliefs or views held by a negotiator that influence their approach and decisions in negotiation.

Holding Accountable

Holding accountable involves assigning responsibility to an individual or group for their actions and ensuring they face consequences for those actions.

External Specialists

Professionals or experts who are not part of an organization but are consulted for their specialized knowledge or skills.