Why do auditors obtain management representation letters

Assignment Help Accounting Basics
Reference no: EM13595290

Why do auditors obtain management representation letters from their audit clients at the end of every audit? Your answer should include a general statement of the overall purpose of management representation letters as well as two examples of the representations auditors ask the auditee client's management to make in a management representation letter.

Reference no: EM13595290

Questions Cloud

You are auditing the accounts receivable balance of a cable : you are auditing the accounts receivable balance of a cable television provider. individual accounts receivables tend
What is the divisions residual income if the asset is : ocean division currently earns 780000 and has divisional assets of 3.9 million. the division manager is considering the
What are the molality of the solution and the molar mass of : a solution of 0.940 g of an organic compound in 100.0 g of benzene has a freezing point of 5.124degc. what are the
A cell with 25 m internal concentration is placed into pure : question a cell with .25 m internal concentration is placed into pure water. what is the pressure difference across the
Why do auditors obtain management representation letters : why do auditors obtain management representation letters from their audit clients at the end of every audit? your
Give two examples of elements or compounds that undergo : give two examples of elements or compounds that undergo sublimatiom. we studied the sublimation of elemental iodine
Ocean division currently earns 780000 and has divisional : ocean division currently earns 780000 and has divisional assets of 3.9 million. the division manager is considering the
You are auditing xyz company for the year ended 12312012 : you are auditing xyz company for the year ended 12312012 and will be expressing an opinion on their financial
The reaction below was studied at a high temperature at : the reaction below was studied at a high temperature. at equilibrium the partial pressures of the gases are as follows

Reviews

Write a Review

Accounting Basics Questions & Answers

  The honey can be sold in raw form for 300 a pound however

the heather honey company purchases honeycombs from beekeepers for 2.00 a pound. the company produces two main products

  Research and development costs reported in the income

1.a net operating loss carryback will create a deferred tax liability.truefalse2.research and development costs

  Winter garden is a luxury hotelwith 150 suites its regular

winter garden is a luxury hotelwith 150 suites. its regular suite rate is 250 per night persuite. the hotels cost per

  If the company increases its unit sales volume by 3

if the company increases its unit sales volume by 3 without increasing its fixed expenses then total net operating

  Using the single plantwide factory overhead rate with an

1 pinacle corp. budgeted 300000 of overhead cost for 2012. actual overhead costs for the year were 290000. pinacles

  Provision for depriciation in the trial balance

Provision for depriciation in the trial balance is for the current year or it is of previous year? Do we need to deduct it from this year's balance sheet.

  Suppose that sales are 30 percent higher than budgeted by

sharda company is considering two different processes to make its product - process 1 and process 2. process 1 requires

  Computing costs for university cafe

The University Café has seen sales drop since classes have been scheduled during the noon hour and only 5 minutes between classes. Students don't have enough time to choose from the buffet line.

  Calculate the amount of gift tax due

Calculate the amount of gift tax due (if any) on the 2008 gift, given Chris has made only one prior taxable gift of $1.5 million in 2005, at which he used the applicable unified credit. Please note the annual exclusion in 2008 was $12,000.

  Lagerfield company reported the following results from the

lagerfield company reported the following results from the sale of 4220 hammers in may sales 198340 variable costs

  During the entire period the outstanding stock of the

boise bike corp. manufactures mountain bikes and distributes them through retail outlets in montana idaho oregon and

  Determining effective interest method of amortization

Which of the following is correct about the effective interest method of amortization?

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!

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