User Account

All Pages

Discuss the importance of the management representation

Assignment Help Accounting Basics
Reference no: EM132672696

Question - During the completion stage of the audit, it is required for the firm to obtain written representations from the auditee before issuing the finalized audit report.

Discuss the following regarding the management representation letter.

1. Discuss the importance of the management representation letter from the auditee's perspective, and from the auditor's perspective.

2. What should be the date of the management representation letter?

3. Discuss 3 specific elements which must be included in the management representation letter, and why those elements are important to have in the letter.

Reference no: EM132672696

Questions Cloud

Write spirituality paper of extremes in diet : Write a 3 pages of spirituality paper of Extremes in Diet. Please no plagiarism detected and reference should be APA format
Compute the yield to maturity on the old issue : Airborne Airlines Inc. has a $1,000 par value bond outstanding with 30 years to maturity. Compute the yield to maturity on the old issue
How can you ensure an appropriate return : Is there a right way and a wrong way to use AdWords? What would you recommend to the business that you are working with to correctly implement this?
What control objective and financial statement assertions : Sales included as part of his incentive package. What control objective and financial statement assertions are breached by this action?
Discuss the importance of the management representation : Discuss the importance of the management representation letter from the auditee's perspective, and from the auditor's perspective
Role of the nursing in the spiritual journey : Write a spirituality paper of 3 pages with APA format and reference. The title is the role of the nursing in the spiritual journey.
Determine the interest expense for lexi corporation : The first principal and interest payment was made on April 1, 20x7. Determine the interest expense for 20x7 Included in Lexi Corporation
What amount should be reported as equity component : At the beginning of current year, What amount should be reported as equity component of the original issuance of the convertible bonds payable?
Make the journal entry to record Whirled weekly payroll : Whirled Inc.'s weekly payroll of $23,000 included employee income taxes withheld of $3,426, Make the journal entry to record Whirled weekly payroll

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd