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Which of the following is the best description of a management representation letter? a . The letter is signed by the CFO, dated as of
Which of the following is the best description of a management representation letter? a The letter is signed by the CFO, dated as of the balance sheet date, and prepared by the auditor. b The letter is signed by both the CEO and CFO, dated as of the audit report date, and is typically prepared by the auditor. c The letter is prepared by management and signed by the auditor. It is dated as of the audit report date. d The letter is prepared and signed by the auditor and witnessed by the CEO and CFO. It is dated as of the balance sheet date.
Which of the following is the best description of a management representation letter?
a The letter is signed by the CFO, dated as of the balance sheet date, and prepared by the auditor.
b The letter is signed by both the CEO and CFO, dated as of the audit report date, and is typically prepared by the auditor.
c The letter is prepared by management and signed by the auditor. It is dated as of the audit report date.
d The letter is prepared and signed by the auditor and witnessed by the CEO and CFO. It is dated as of the balance sheet date.
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
