Solved: Matters of audit importance, Accounting Basics

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Matters of audit importance

Problem: SAS requires that auditors obtain a Management Representation letter on matters of audit importance. Discuss the make-up of this letter and the information contained within. Does the letter provide comfort to the auditor? If this is simply a letter stating certain information from the client and is not audited in any way, why is it important?

Please cite references.

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Accounting Basics: Matters of audit importance

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Accounting Basics: Matters of audit importance

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