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  2. Management representation - Wikipedia

    en.wikipedia.org/wiki/Management_representation

    For audit evidence, it is reliable if the auditor has no other means of obtaining evidence. Examples may include situations involving contingent liabilities or off-balance-sheet liabilities. The person issuing the letter should have the appropriate authority or seniority in the organization to vouch on the issue.

  3. Auditor's report - Wikipedia

    en.wikipedia.org/wiki/Auditor's_report

    An opinion is said to be unqualified when he or she does not have any significant reservation in respect of matters contained in the Financial Statements. The most frequent type of report is referred to as the "Unqualified Opinion", and is regarded by many as the equivalent of a "clean bill of health" to a patient, which has led many to call it the "Clean Opinion", but in reality it is not a ...

  4. Statements on Auditing Standards (United States) - Wikipedia

    en.wikipedia.org/wiki/Statements_on_Auditing...

    Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained full-text: February 2006 111: Amendment to Statement on Auditing Standards No. 39: Audit Sampling full-text: February 2006 112: Communicating Internal Control Related Matters Identified in an Audit full-text: May 2006 113: Omnibus 2006 full-text ...

  5. I survived an audit: What I've learned and what you ... - AOL

    www.aol.com/news/2010-04-13-i-survived-an-audit...

    Nearly 15 years ago, I walked into a room of well-dressed bankers and attorneys with an audit letter in my hand. I was probably the most nervous person in the room. I was interning at the IRS ...

  6. IRS tax audits ‘target and burden lower-income ... - AOL

    www.aol.com/finance/irs-tax-audits-target-burden...

    Lewis, for example, is helping a young family claim the Child Tax Credit and she can see the impact. ... This is because the tax agency replaced many of its face-to-face audits with letter audits ...

  7. Engagement letter - Wikipedia

    en.wikipedia.org/wiki/Engagement_letter

    An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.

  8. IRS plans to cut back on its audits of lower-income taxpayers

    www.aol.com/finance/irs-plans-cut-back-audits...

    The effort also comes after a study by Stanford in conjunction with the Treasury this year found that the Internal Revenue Service audits Black taxpayers 2.9 to 4.7 times the rate of non-Black ...

  9. ISA 230 Documentation - Wikipedia

    en.wikipedia.org/wiki/ISA_230_Documentation

    ISA 230 Audit Documentation is one of the International Standards on Auditing.It serves to direct the documentation of audit working papers in order to assist the audit planning and performance; the supervision and review of the audit work; and the recording of audit evidence resulting from the audit work in order to support the auditor's opinion.

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