is a letter to senior management that conveys the significant audit findings and result of an audit.
is a letter that conveys in writing the significant audit findings and result of an audit to senior management.
An advisory letter to the management of an agency that auditors have discovered a problem which may require immediate action to correct; also can be used to provide a less detailed summary of an audit's results.
A statement issued by an organizationâ€(tm)s independent auditor commenting on internal financial controls and other management issues discovered during the audit process. A management letter typically includes areas needing improvement and recommendations for addressing those areas during the next twelve-month period.
A report to the Board of Directors or management of the LSC recipient organization, issued in conjunction with the audit report on the financial statements, which communicates matters noted during the audit. The matters discussed in the management letter may not qualify as reportable conditions; rather, they may include minor deficiencies or recommendations for improvement of the auditee's operations.