CONTENTS

PREFACE

AUTHORITY STATEMENT

Paragraphs

Application.................................. 1-2

Operative Date................................ 3

Introduction.................................. 4-6

Acknowledgement by Management of its Responsibility for the Financial Report 7-8

Representations by Management as Audit Evidence........ 9-16

Documentation of Representations by Management........ 17-18

Basic Elements of a Management Representation Letter..... 19-21

Action if Management Refuses to Provide Representations... 22-23

Conformity with International Standards on Auditing...... 24

Appendix 1: Example of a Management Representation Letter