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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.

Related terms:

Gross margin method

Ledger

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