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.
Audit. In fact, a true audit happens to very few people every year, and itâs usually because of a glaring problem or unusual situation found on a tax return. More common are correspondence audits and adjustment letters, which are not like the audits you hear horror stories about. The Examination Audit. A traditional tax audit is usually picked up by computer programs that are set up to detect irregularities on tax returns that might signal there is a problem.