Русско-англо-русский юридический словарь

According to VentureLine, "A management letter identifies issues not required to be disclosed in the annual financial report, but represents the auditors concerns and suggestions noted during auditing." It includes the public accountant's conclusions concerning the company's accounting policies and procedures, internal controls and operating policies. It confirms that all the information enclosed within the company's financial statements is true and accurate and that all the required information has been disclosed. An evaluation is made of the present system, pointing out problem areas. Recommendations for improvement are cited. (Reference)