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.
Types of IRS Audits. 1  Correspondence Audit. This is the most common type of audit. This type of audit comes by mail and is done by mail. Typically the IRS will ask you to mail certain documentation to them supporting certain items that you filed on your tax return.