Question: Describe the purpose of a management letter and distinguish it

Describe the purpose of a management letter, and distinguish it from a management representation letter. Refer to the Auditing in Practice feature, "An Example Management Letter to a College Foundation." What are the major observations made by the auditor? What is the tone of management's responses? How does management plan to address the observations, and what does this say about management's commitment to financial reporting quality?

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  • CreatedSeptember 22, 2014
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