â I nsider tradingâ refers to transactions in a companyâs securities, such as stocks or options, by corporate insiders or their associates based on information originating within the firm that would, once publicly disclosed, affect the prices of such securities.
A: A management letter is an auditor's letter addressed to the client, according to Allbusiness.com. It is a letter written by company management that confirms the accuracy of an audit. An audit is an examination and verification of a company's financial and accounting records and supporting documents presented by a professional, such as a certified public accountant.
But in many cases, the fear of it is actually worse than the audit itself. It helps if you understand your rights as a taxpayer. An audit is basically a review or examination of your tax information to ensure that the return has been correctly reported.This process verifies that the proper amount of tax is paid.yth: Pay up â or else. An IRS letter is not necessarily a bill. You must remember the purpose of the audit is merely to review the forms you sent in and ask for more information. The fact that you received a letter means you have some work to do to show that what you reported on your return was right.