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Give examples of transactions which may alert the auditor regarding possible previously unidentified related party transactions. What is a management representation letter? Give examples of

  1. Give examples of transactions which may alert the auditor regarding possible previously unidentified related party transactions.
  2. What is a management representation letter? Give examples of the content of management representation letters.
  3. How is the management representation letter dated?
  4. What are the audit implications if management refuses to give a representation letter?
  5. Identify other completion procedures which an auditor performs in an audit engagement.

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