Purpose of (Management) Representation Letter

1. To confirm representations explicitly or implicitly given to the auditor.
2. To indicate and document the continuing appropriateness of such representations.
3. To reduce the possibility of misunderstanding concerning matters that are the subject of the representations.

Contents of (Management) Representation Letter

1. Financial Statements
2. Completeness of Information
3. Recognition, Measurement, and Dsiclosure
4. Subsenquent Events
5. Additional Representations