Professional Documents
Culture Documents
Representation by Management
Representation by Management
MEANING:
A letter written by company management which attests to the accuracy of
an audit. In this letter, management confirms that the all information
contained within the company's financial statements is true and accurate
and that all information has been disclosed.
The auditors use this letter as part of their audit evidence. The letter also
shifts some blame to management, if it turns out that some elements of the
audited financial statements do not fairly represent the financial results,
condition, or cash flows of the business.