L19 Notes_Part_19 - Quality of Earnings I clients ability...

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Client Letter or Management Letter Not to be confused with the Management Representation Letter Written by CPA to management Contains: recommendations to help client better achieve their goals. Unlike the Management Representation letter, the Client Letter is optional. It cements the relation with the client by adding value and tangibly justifying the audit fee.
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Unformatted text preview: Quality of Earnings I clients ability to replicate its earnings, in terms of both amounts and trends, over relatively long periods of time Associated with: conservative policy choices permanence of earnings correlation between cash flow and earnings...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L19 Notes_Part_19 - Quality of Earnings I clients ability...

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