Essay
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.
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1.WR; 2.WR...View Answer
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