What is MRL and why it is used and who takes it? If not received, then what will be the effect on audit opinion in audit report?

(1) It is a written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. (2) It does not include financial statements, the assertions therein, or supporting books and records. (3) The auditor shall request management to provide a written representation that it has fulfilled its responsibility for...

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