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Management Representation Letter (Word DOCX)
Word (DOCX) 2 Pages
BENEFITS OF THIS WORD DOCUMENT
- This letter places the onus on the client who provides the consultant with the information to attest to the accuracy of the information provided.
WORD DESCRIPTION
A management representation letter attests to the accuracy of the financial information that the company has submitted to the consultants for their analysis.
The letter is an important part of the consulting process, assuring consultants that the financial information they are examining is reliable. The letter is usually signed by senior management, such as the CEO or CFO, and is included in the project documentation. Management acknowledges its responsibility for the financial statements and the information's accuracy by signing the letter. In essence, the letter states that all of the information submitted to the consultant/s is accurate and that all material information has been disclosed to the consultants.
The main purpose of these letters is to hold the management responsible for any inaccuracy in providing financial information to consultants and to limit the consultants risk from material non-disclosures by the parties who provide information on which consultant rely. This template is used globally.
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Source: Management Representation Letter Word (DOCX) Document, Corporate Finance 101
