management letter
An *external auditor’s report that contains recommendations for improvements in procedures and *internal controls. Alongside an *audit opinion, external auditors normally provide a management letter as a service to *auditees.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • management letter — A letter written by an auditor to the management of a client company at the end of the annual audit to suggest any possible improvements that could be made to the company s accounting and internal control system or to communicate any other such… …   Accounting dictionary

  • management letter — A letter written by an auditor to the management of a client company at the end of the annual audit to suggest any possible improvements that could be made to the company s accounting and internal control system or to communicate any other such… …   Big dictionary of business and management

  • management letter — A document prepared by a firm s auditors in conjunction with its annual audit. American Banker Glossary …   Financial and business terms

  • Management Letter — abschließender Bericht über entdeckte Schwachstellen, Verbesserungsmöglichkeiten etc. für die Geschäftsleitung, den der ⇡ Wirtschaftsprüfer als Ergebnis seiner Arbeit neben der ⇡ Prüfung (mit ⇡ Prüfungsbericht und ⇡ Bestätigungsvermerk) verfasst… …   Lexikon der Economics

  • letter of recommendation — An alternative term for *management letter …   Auditor's dictionary

  • Management representation — is a letter issued by an auditor s client to the auditor in writing as one of audit evidences. The date of the document must not be later than the date of audit work completion. It is used to let the client s management declare in writing that… …   Wikipedia

  • Letter to the editor — A letter to the editor [ [http://uwp.duke.edu/wstudio/resources/documents/letter to editor.pdf Definition from Duke University s University Writing Program] ] (sometimes abbreviated LTTE or LTE) is a letter sent to a publication about issues of… …   Wikipedia

  • letter of representation — A formal written record of representations made by the management of an organization to the auditors. The letter is prepared by the auditor and signed by management on a date as near as possible to the date of the auditors report and after all… …   Accounting dictionary

  • Management of depression — Depression, for the purposes of this article, refers to the mental disorder known as major depressive disorder. This kind of depression is a recognized clinical condition and is becoming a common condition in developed countries, where up to 20%… …   Wikipedia

  • Letter of Intent - LOI — 1. An agreement that describes in detail a corporation s intention to execute a corporate action. The letter of intent is created by the corporation with its management and legal council, among others, and outlines the details of the action. 2. A …   Investment dictionary

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