Which of the Following Statements Regarding the Letter of Representation

question 143

Multiple Choice

Which of the following statements regarding the letter of representation is not correct?

• A) It is prepared on the client's letterhead.
• B) It is addressed to the CPA firm.
• C) It is signed by high-level corporate officials, usually the president and chief financial officer.
• D) It is optional, not required, that the auditor obtain such a letter from management.

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Definitions:

Global Identity

A sense of belonging to a worldwide community beyond one's own national or cultural identity, often emphasizing global interconnectedness.

Racial Diversity

The inclusion and representation of individuals from various racial and ethnic backgrounds within a group or organization.

Ethnic Diversity

The inclusion of individuals from a variety of ethnic, racial, and cultural backgrounds within a group or organization.

High-Context Culture

A culture in which communication is often indirect and the context in which a message is delivered is as important as the message itself.