MANAGEMENT REPRESENTATION LETTER
- To
- Address
- Date
Dear Sir/Madam,
We, the undersigned, on behalf of (CIN: ), hereby represent and confirm to you the following in connection with your audit of the financial statements of the Company for the financial year ended :
1. COMPLETENESS AND ACCURACY OF FINANCIAL STATEMENTS
We confirm that:
- The financial statements for the year ended have been prepared by us and are complete and accurate.
- The financial statements have been prepared in accordance with applicable accounting standards as prescribed.
- The financial statements present a true and fair view of the financial position and performance of the Company as at .
- All balances, transactions, and events as on and up to have been reflected in the financial statements.
2. TRANSACTIONS AND RECORDS
We further represent that:
- All transactions undertaken by the Company during the financial year have been properly recorded in the books and accounts.
- Complete and accurate accounting records have been maintained.
- No material misstatements or omissions exist in the financial statements.
- All adjustments and accruals have been properly recorded.
3. INTERNAL CONTROLS
Regarding internal financial controls, we represent that:
- An adequate internal control system over financial reporting is in place.
- The internal controls are operating effectively as at .
- Deficiencies identified:
4. POST-BALANCE SHEET EVENTS
We confirm that:
Material events have occurred after . Details:
5. CONTINGENT LIABILITIES AND PROVISIONS
We represent that:
- All known contingent liabilities have been identified.
- All provisions considered necessary have been made in the financial statements.
- No undisclosed or unquantified liabilities exist.
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6. RELATED PARTY TRANSACTIONS
We confirm that:
All known related party transactions have been disclosed.
- Related party transactions have been conducted as per applicable regulations.
7. FRAUD AND IRREGULARITIES
We hereby represent that:
- We acknowledge fraud by management may exist.
- We acknowledge fraud by others may exist.
- All known instances of fraud or irregularities have been disclosed to you.
8. COMPLIANCE WITH LAWS AND REGULATIONS
We confirm that:
The Company may have non-compliance issues. Details:
9. GOING CONCERN AND SOLVENCY
We confirm that:
- There are significant uncertainties regarding the Company's ability to continue as a going concern.
- The Company has sufficient liquid resources to meet its obligations.
10. ADDITIONAL REPRESENTATIONS
We hereby represent that:
- Provisions may be incomplete.
- Complete disclosure of all material facts and circumstances has been made.
- No information has been withheld from you during the conduct of the audit.
- Additional matters:
This letter is provided solely for your use in completing your audit of the financial statements of the Company and is not to be used or referred to for any other purpose without our prior written consent.
We accept responsibility for the representations made in this letter on behalf of the Company.
Yours faithfully,
- Company
- CIN
Managing Director / Chief Executive Officer
Chief Financial Officer / Finance Head
Date:
Place: ______________________