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This letter is provided by the Summer Village of Gull Lake to BDO Canada LLP in connection with the audit of its financial statements for the year ended December 31, 2022. It confirms the entity\'s
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How to fill out representation letter
How to fill out representation letter
01
Start with your company's name and address at the top of the letter.
02
Include the date of writing the letter.
03
Address the letter to the appropriate party (e.g., auditor or accountant).
04
Clearly state the purpose of the letter, indicating that it is a representation letter.
05
Provide a statement confirming that the management has provided all relevant information and documents.
06
Include specific representations concerning financial statements and disclosures.
07
Sign the letter at the bottom with the name and title of the authorized representative.
Who needs representation letter?
01
Organizations undergoing an audit or review.
02
Management teams of companies.
03
Accountants and auditors requiring confirmation of information.
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What is representation letter?
A representation letter is a formal document provided by management to auditors, confirming the accuracy of information provided during the audit process.
Who is required to file representation letter?
Typically, the management of the organization being audited is required to file the representation letter.
How to fill out representation letter?
To fill out a representation letter, management should provide accurate details regarding financial statement assertions, any relevant facts, and confirm that all necessary disclosures have been made.
What is the purpose of representation letter?
The purpose of a representation letter is to provide auditors with written confirmation of the representations made by management regarding the financial statements.
What information must be reported on representation letter?
The representation letter must report information such as the completeness of financial records, disclosure of related party transactions, management's acknowledgment of responsibility for financial statements, and confirmation of the accuracy of information provided to the auditors.
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