Management Letter

Procurement and Audit notes revision

Although the statutory reporting requirements of the Companies Act only calls for the auditor to make a report to the members as to whether the procurement records show a true and fair view.
In addition to this, auditors provide management with a summary of their findings concerning strengths and weaknesses of procurement and internal control system as well as material issues arising from review of the procurement records. This summary is called the management letter.

Procurement and Audit notes revision

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