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The two major written understandings between an auditor and management, in connection with an audit of financial statements, are the engagement letter and the management

The two major written understandings between an auditor and management, in connection with an audit of financial statements, are the engagement letter and the management representation letter.

i. What are the objectives of the management representation letter? i. Who should sign the management representation letter? When should the management representation letter be obtained? iv. Why should the management representation letter be prepared for each examination?

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