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prpnum1 prpnum1
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A year ago
While there is no professional requirement to do so on audit engagements, CPAs frequently issue a formal "management" letter to clients. The primary purpose of this letter is to provide

▸ evidence indicating whether the auditor is reasonably certain that internal accounting control is operating as prescribed.

▸ a permanent record of the internal accounting control work performed by the auditor during the course of the engagement.

▸ the client with the CPA's recommendations for improving any part of the client's business.

▸ a summary of the auditor's observations that resulted from the auditor's special study of internal control.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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ochie92ochie92
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A year ago
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prpnum1 Author
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A year ago
Thanks
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Thanks
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2 hours ago
Good timing, thanks!
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