A Management Representation Letter Is

question 87

Multiple Choice

A management representation letter is

• A) prepared on the CPA's letterhead.
• B) addressed to the client.
• C) signed by high-level corporate officials.
• D) dated as of the balance sheet date.

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Definitions:

Peters and Waterman

Authors of "In Search of Excellence," a book that presents eight attributes that excellent companies have in common.

Value Chain

This concept describes the full range of activities that businesses go through to bring a product or service from conception to delivery to the final consumer.

Transformational Chain

The interconnected steps or processes that lead to a significant change or metamorphosis in an organization or system.

Materials Requirement Plan

A system used in manufacturing to coordinate the supply of materials with production schedules to ensure that materials are available when needed.