The Management Representation Letter Should Be Signed by the

question 23

Multiple Choice

The management representation letter should be signed by the

• A)members of the audit committee and board of directors.
• B)chief executive officer and the chief financial officer
• C)chief financial officer and the treasurer.
• D)controller and the auditor.

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Definitions:

Skillfully Altered

Modified or changed in a way that demonstrates a high level of expertise or craftsmanship.

Drawer's Account

The bank account on which a check is drawn; the account belonging to the individual who has written the check.

Bank Liability

Refers to the legal obligations and responsibilities of a bank, including potential debts or legal liabilities arising from its operations.

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.