Why would an auditor submit a management letter to the client?
Question:
Why would an auditor submit a management letter to the client?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
A management letter would be submitted ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0134613116
14th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
Question Posted:
Students also viewed these Business questions
-
Blake Co. assembles specialist motor vehicles such as freight trucks, buses, and delivery trucks. The company owns four assembly plants where parts are delivered and assembled into the motor...
-
Why would an auditor need to use an outside specialist when performing an audit? Identify specific accounts or assertions where a specialist might be needed.
-
Why would an auditor perform more substantive testing for one part of the fiscal year and less substantive testing for another part of the year?
-
Consider a lottery L1 = [0.5, A; 0.5, L2], where U(A) = 4, and L2 = [0.5, X; 0.5, Y] is a lottery, and U(X) = 4, U(Y) = 8. What is the utility of the the first lottery, U(L1)?
-
From the gut of a slug in your garden you have identified a new circular, double-stranded DNA-containing bacteriophage. Electron micrographs of infected bacteria during production of phage progeny...
-
I am currently teaching two statistics classes, one at 8:00 a.m. and the other at 10:00 a.m. The following table summarizes my attendance records by showing the probability of the number of absent...
-
How are production costs affected by a. Standard sizes? b. Universal fit parts?
-
You are a manager at Spacely Sprockets??a small firm that manufactures Type A and Type B bolts. The accounting and marketing departments have provided you with the following information about the...
-
Please make a flowchart for the following information flow by using Microsoft word. 5-13. Develop a document flowchart for the follow- ing information flow. The individual stores in the Mark Goodwin...
-
Scheduled loan payments of $1500 due in 6 months and $1900 due in 21 months are rescheduled as a payment of $2000 due in 3 years and a second payment due in 45 months. Determine the size of the...
-
Will the audit procedures concerned with tests of details of general cash address the assertion listed? The above questions deal with discovering fraud in auditing year-end cash. Choose the best...
-
Written management representations obtained by the auditor in connection with a financial statement audit should include a: (1) Summary of all corrected misstatements. (2) Statement of managements...
-
Deseasonalizing old demand data is the process of reintroducing the seasonal effect to forecasted data. True or false? a. True b. False
-
REQUIRED: Prepare Cost of Production per department. Problem 5 ABM Company uses two departments to produce a product. The following data were taken from the books for the month of January, 2019....
-
Can you describe how Toyota responds to changes in market fluctuations, and plot the supply and demand curves indicating managerial economic principles (i.e. price ceilings/floors, shortage/surplus,...
-
Test - LOG 2060 Intermediate Systems Sustainment Management T07.E02 Describe DoD's Depot Maintenance Enterprise and How Core, 50-50, and Partnering Initiatives Question 30 of 31. In depot...
-
Assuming that StickerGiant plans to expand its business to overseas markets, what are the top 3 environmental factors (economic, political/legal, demographic, social, competitive, global, and...
-
Selina is an avid sky diver. How would an insurer rate the severity/probability of the risks to which Selina is exposed? a) minor/low b) critical/high c) material/medium d) critical/low
-
Suppose A and B are two events such that P(A) = 0.3, P(B) = 0.4, and P(A B) = 0.12. Are events A and B independent? Justify your answer.
-
Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair each item from List A (by letter) with the item from List B that is...
-
Why does observing inventory only provide limited evidence on the valuation objective?
-
The inventory balance is highly material. Does the auditor have a choice with respect to observation of inventory? Why or why not?
-
Why is the audit technique of observation important during the physical inventory count?
-
A farmer is concerned that the price of wheat will drop by the time he is ready to sell his crop. He, therefore, enters into a futures contract on 5,000 bushels of wheat for 250 cents per bushel. The...
-
On December 1, ABC Company received $3,000 cash from a customer for 3 months of business services beginning December 1st. Prepare the journal entry to record the receipt of the 3,000 and the...
-
When Kevin started working 23 years ago, his salary was $59,349. His current salary is $159,408. When Kevin started working, the price level was 134, while the current price level is 157. What was...
Study smarter with the SolutionInn App