o Update the letter to include all representations required by the applicable professional standards o Date the letter appropriately o Include appropriate financial statement periods o Include required representations
o Include appropriate wording concerning consultation with an attorney
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[Firm Name]
[Address line]
[City, State, Zip]
Subject: Management Representation Letter for Audit of Financial Statements as of [Year-End Date] and for the Year Then Ended.
Dear [Name],
We are providing this letter in connection with your audit of the financial statements of and the related footnotes of [Client's Company Name] as of [Year-End Date] for the purpose of expressing an opinion as to whether the financial statements present fairly, in all material respects, the financial position, of [Client's Company Name] in conformity with accounting principles generally accepted in the United States of America. We confirm that we are responsible for the fair presentation in the financial statements of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles.
Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement.
We confirm, to the best of our knowledge and belief, as of [Date], the following representations made to you during your audit.
We confirm, to the best of our knowledge and belief, the following representations: