You have completed your audit of Egral Ltd, a large listed company. Your main day-to-day contact during

Question:

You have completed your audit of Egral Ltd, a large listed company. Your main day-to-day contact during the audit was Ms Poon, the accountant, although you also had some dealings with the finance director, Mr Sullivan, and the audit committee.

As part of completion procedures, your assistant has prepared the following draft management letter for your consideration.

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Required

a. Critically analyse the draft management letter and outline suggestions for improvement.

b. Assume you found some minor errors during the audit (such as an accrual not taken up) that were rectified by the time the financial statements were issued. Would you include these in the management letter? Why or why not?

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Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

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