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.
Income Tax Audits. A Correspondence Audit is by far the most common way the IRS will examine your tax return. It is generally used with individual taxpayers and very small businesses. It always starts with a letter, (CP2000 notice) that represents a proposal on the part of the government which will usually specify what income they believe that you have omitted from your tax return for a specific year.