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Not sure if some of my answers are correct. Please advise. Thanks! 1 Indicate the type of communication(s) that correspond to each of the following
Not sure if some of my answers are correct. Please advise. Thanks!
1 Indicate the type of communication(s) that correspond to each of the following statements. Use the letters A (attorney letter), M (management letter), and WR (written representations). Each statement may be related to more than one type of communication. 1. Discusses management's responsibility for the fairness of the financial statements. WR 2. Is obtained on the date of the auditors' report WR 3. Provides auditors with significant evidence regarding litigation, claims, and assessments. A 4. Discusses the absence of fraud activity by the client and personnel. M 5. Is not required by generally accepted auditing standards. A 6. Is intended to be returned to auditors as a form of evidence. WR 7. Is typically prepared following the audit report release date. Mand WR 8. Is signed by an executive of the client
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