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:

Valuing Diversity

The appreciation and respect for differences among individuals in age, gender, ethnicity, religion, disability, sexual orientation, education, and national origin.

Organizational Strategy

Refers to the plan of action employed by a company or institution to reach its long-term goals and ensure its survival and growth.

Malaysian Manager

A management professional operating within the context of the Malaysian business environment, encompassing the unique cultural, economic, and regulatory practices of Malaysia.

Compassion

The emotional response of understanding and caring for others, coupled with a desire to alleviate their suffering.