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.
A broker of record letter is a written statement signed by an insured advising an insurer that a particular broker or agent shall act as the insuredâs representative. A broker of record letter is not a creation of statute or regulation; it was developed by the insurance industry as a means of conducting business.