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#16 ob and Cassie, two audit staff associates, are discussing the management letter which is soon to be issued by the partner with overall esponsibility
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ob and Cassie, two audit staff associates, are discussing the management letter which is soon to be issued by the partner with overall esponsibility for the engagement with respect to the audit of Candle Enterprises, Inc. Bob and Cassie are discussing why the audit rm they work for would even issue such a communication. Which of the following best represents a purpose and benefit of the hanagement letter? A management letter is sent to those charged with governance of the entity, and affords management an opportunity to receive an expert opinion on internal controls. A management letter is sent to the client's senior management by the auditor and details any and all mistakes and misstatements found as part of the audit. A management letter provides the auditors official opinion on the client's system of internal control, and requires management follow all recommendations made by the auditor. None of these answer choices are correctStep by Step Solution
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