What is a management letter?

A management letter is an audit report on the results of audit of the regional/branch office, field/operating unit, staff bureau and line office with complete set of books of accounts; or an audit report on agencies with complete set of books of accounts but no financial statements submitted as of the deadline set by COA; and league/federation of local government units and local elective officials.

Source: Letter D, Part III, COA Memorandum No. 2014-011 dated October 21, 2014