In your audit of the Learned Corporation you request a management rep letter. You are particularly interested
Question:
In your audit of the Learned Corporation you request a management "rep" letter. You are particularly interested in management's representations on 1. Irregularities involving management or employees.
2. Minutes of directors' meetings.
3. Compliance with laws and regulations.
4. Completeness of the accounting records.
5. Net realizable value of inventories.
6. Ownership of assets.
Required:
Using Figure 15-4 as an example, prepare a rep letter in good form covering the points listed above.
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Related Book For
Modern Auditing
ISBN: 9780471542834
5th Edition
Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler
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