The Management Representation Letter Is Prepared on the Client's Letterhead

question 83

True/False

The management representation letter is prepared on the client's letterhead, addressed to the audit firm, and signed by the chief executive officer and chief financial officer.

---

Definitions:

Collectivistic Orientation

A cultural attribute that prioritizes group goals over individual ones and emphasizes interdependence among group members.

Individualistic Orientation

A social pattern or attitude valuing personal independence and individual achievements over collective goals or affiliations.

Nationalism

A sense of strong pride in, loyalty to, and belief in the rights and culture of one's nation, often leading to a desire for more self-governance or sovereignty.

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed premises, involving three terms that relate in a specific way.