Term: Accounting -> Management representation letter
Term:
Management representation letter
Definition:
A letter addressed to the auditor, signed by the client's chief executive office and chief financial officer. During an audit, management makes many representations to the auditor. Written representations from management in the letter confirm oral representations given to the auditor, document the continuing appropriateness of such representations, and reduce the possibility of misunderstanding.
In this country, we have a tremendous sense of fair play. Our sense of fair play dictates to us that if both sides give equally, then that's fair. If Fred puts his home up for sale at $200,000, Sus... [ more... ]
It has been my good fortune to have been hired to speak to hundreds of clients with many, many different types of audiences. Most of these clients understand that customer service is not a de... [ more... ]
"If at first you don't succeed, try, try, again." Mom and Dad were wrong about this one. Now I know that their motives were good, and the principle, in and of itself had value... [ more... ]