Distinguish between a management letter and a letter about significant deficiencies in internal control.

A$.$

A letter about significant deficiencies and material weaknesses in the design or operation of internal control is required to be sent to those charged with governance. A management letter is a letter directed to the client to inform management of certain recommendations about the business which the CPA believes would be beneficial to the client.

B$.$

A letter about significant deficiencies and material weaknesses in the design or operation of internal control is a letter to the auditor which formalizes the agreement between the auditor and the client to agree upon the audit engagement. A management letter is a letter from the auditor to the client listing the material misstatements discovered during the course of the audit.

C$.$

A letter about significant deficiencies and material weaknesses in the design or operation of internal control is a letter the client obtains from the auditor prior to the issuance of the financial statements stating the client agrees with the report. A management letter is a letter the auditor obtains from the client prior to the issuance of the financial statements stating the client provided all the necessary information for the audit to the auditor.

D$.$

None of the above.