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.

2. Is obtained on the date of the auditors' report.

3. Provides auditors with significant evidence regarding litigation, claims, and assessments.

4. Discusses the absence of fraud activity by the client and its personnel.

5. Is not required by generally accepted auditing standards.

6. Is intended to be returned to auditors as a form of evidence.

7. Is typically prepared following the audit report release date.

8. Is signed by an executive of the client.

Answer rating: 100% (QA)

1 WR written representations 2 WR written repres... View the full answer