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.
You send the information or a check for the additional money, no penalties, and the case is closed.â. This correspondence audit is the more common of the two IRS audits. Zinman said the correspondence audit is so subtle some people may not even realize it's an audit.