Ask Question
BusinessBusiness
21 May, 08:55

At the completion of the audit, management is asked to make a written statement that it is not aware of any undisclosed contingent liabilities. This statement would appear in the

A. letters testamentary.

B. management letter.

C. letter of inquiry.

D. management letter of representation

+4
Answers (1)
  1. 21 May, 12:35
    0
    Answer: (D) Management letter of representation

    Explanation:

    The management letter of representation is the form of letter that are written by the external auditors in an organization.

    The main purpose of management letter of the representation is that it include all the financial statement of the company signed by the senior company manager.

    The accuracy of the letter are managed by the management of the company. This letter is basically submitted to the auditors for the further analysis.

    Therefore, Option (D) is correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “At the completion of the audit, management is asked to make a written statement that it is not aware of any undisclosed contingent ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Coffman Company sold bonds with a face value of $1,080,000 for $1,020,000. The bonds have a coupon rate of 9 percent, mature in 10 years, and pay interest semiannually every June 30 and December 31.
Answers (1)
It was during the market-oriented era that firms first discovered "marketing." In what timeframe did this occur?
Answers (1)
Compared to a corporation, a partnership is more difficult and expensive to establish. a. True b. False
Answers (1)
What are interactions with people at parties or social gatherings called
Answers (1)
Frenchroast Company earned net income of $95,000 during the year ended December 31, 2016. On December 15, Frenchroast declared the annual cash dividend on its 2% preferred stock (par value, $128,000) and a $0.
Answers (1)
New Questions in Business
Which term is used to describe the amount of biologically productive land/sea area necessary to support the lifestyle of an individual?
Answers (1)
Which of the following options has drastically reduced the costs of operating and transacting on a global scale? A. Internet B. Social network C. Intranet D. Extranet E. Value network
Answers (1)
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?
Answers (1)
Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.
Answers (1)
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.
Answers (1)
Home » Business » At the completion of the audit, management is asked to make a written statement that it is not aware of any undisclosed contingent liabilities. This statement would appear in the A. letters testamentary. B. management letter. C. letter of inquiry. D.
Sign Up Forgot Password?