Management Representations
Written Representations from Management
Near the completion of an audit, management provides a written representation letter confirming its responsibility for the financial statements and making specific representations about significant matters.
- Acknowledges management's responsibility for the financial statements.
- Confirms all relevant information has been provided.
- Discloses known fraud, litigation, and subsequent events.
Note
A management representation letter complements—but never replaces—other audit evidence.
Summary
Written representations are necessary but are among the least persuasive forms of audit evidence.