Definitions for "Management letter"
Keywords:  auditor, audit, senior, auditee, letter
a letter addressed to a company's directors by the auditors, outlining deficiencies and suggesting improved operating procedures.
identifies issues not required to be disclosed in the Annual Financial Report but represent the auditor's concerns and suggestions noted during the audit.
A letter from the auditor to management describing internal control weaknesses or compliance violations discovered in the course of a financial statement audit.