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Example of A Management Representation Letter

The management representation letter provides representations from management to the auditor regarding ABC Company's financial statements for the year ended December 31, 20X1. It acknowledges management's responsibility for fair presentation and confirms that there have been no irregularities or omissions that could materially affect the financial statements. It also represents that all relevant documentation and minutes have been provided to the auditor and that the company has complied with contractual and regulatory requirements.

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2K views2 pages

Example of A Management Representation Letter

The management representation letter provides representations from management to the auditor regarding ABC Company's financial statements for the year ended December 31, 20X1. It acknowledges management's responsibility for fair presentation and confirms that there have been no irregularities or omissions that could materially affect the financial statements. It also represents that all relevant documentation and minutes have been provided to the auditor and that the company has complied with contractual and regulatory requirements.

Uploaded by

Elliot Richard
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

EXAMPLE OF A MANAGEMENT REPRESENTATION LETTER

(ENTITY LETTERHEAD)

(TO AUDITOR) (DATE)

The representation letter is provided in connection with your audit of the financial statements of ABC
Company for

the year ended December 31, 20X1 for the purpose of expressing an opinion as to whether the financial
statements

present fairly, in all material aspects, the financial position of ABC Company as of December 31, 20X1
and of the

results of its operations and its cash flows for the year time ended in accordance with (indicate relevant
financial

reporting framework).

We acknowledge our responsibility for the fair presentation of the financial statements in accordance
with (indicate

relevant financial reporting framework).

We confirm to the best of our knowledge and belief, the following representations:

Include here representations relevant to the entity. Such representations may include:

● There have been no irregularities involving management or employees who have a significant role in
the

accounting and internal control systems or that could have a material effect on the financial statements

● We have made available to you all the books of account and supporting documentation and all
minutes

of meetings and shareholders and BOD (namely those held on (dates) respectively)

● We confirm the completeness of the information provided regarding the identification of related
parties

● The financial statements are free of material misstatements, including omissions

● The company has complied with all aspects of contractual agreements that could have a material
effect

on the financial statements in the event of noncompliance. There has been no noncompliance with

requirements of regulatory authorities that could have a material effect on the financial statements in

the event of noncompliance.

● We have no plans or intentions that may affect or alter the carrying value or classification of asset and
liabilities reflected in the financial statement

● (no plans regarding the inventory abandonment or no inventory were stated in an amount in excess of

net realizable value)

● Indicate that there are no events subsequent to period which require adjustments in the statements

● Indicate that the claim is settled in a specific amount and there are no other litigations are expected to

be received

● Indicate that there are no formal or informal compensating balance arrangements with any of the
cash,

except those that are disclosed

● Indicate that you have recorded material regarding the capital per se

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