A Management Representation Letter Is a Written Statement from a Non-Independent

question 53

Multiple Choice

A management representation letter is a written statement from a non-independent source and therefore:

• A) can be regarded as sufficient evidence only if the auditor finds a strong internal control system.
• B) can be regarded as sufficient evidence if the high-level corporate officials who sign it are trustworthy.
• C) needs to be confirmed by an outside independent source such as a financial institution or law firm.
• D) cannot be regarded as sufficient evidence.

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Definitions:

Export Market

The international market where goods and services produced in one country are sold or distributed to buyers in other countries.

Boycotted

The act of abstaining from using, buying, or dealing with as a means of protest or coercion.

Hattie McDaniel

The first African American to win an Oscar, for her role as Mammy in "Gone with the Wind" (1939), breaking racial barriers in the film industry.

African American

Referring to Americans of African ancestry, and often used within contexts discussing cultural, social, and political issues related to this community.