Format of Management Representation Letter (MRL) for Audit
In this article author CA Ramanujan Sharma has shared the format of the Management Representation Letter or Written Representation (MRL/WR) to be obtained from the management during various professional engagements:
To,
M/s XYZ & Co.
Gurgaon, Haryana
Sub: Management Representation in course of Statutory Audit for F.Y. 2021-22.
This representation letter is provided in connection with your audit of the financial statements of M/s Private Limited, Delhi for the year ended March 31, 20XX for the purpose of expressing an opinion as to whether the
financial statements are presented fairly, in all material respects, (or give a true and fair view) in accordance with the applicable accounting standards in India. We confirm that (to the best of our knowledge and belief, having made such inquiries as we considered necessary for the purpose of appropriately informing ourselves):
Financial Statements
Information Provided
We have provided you with:
Access to all information of which we are aware that is relevant to the preparation of the financial statements such as records, documentation and other matters;
Additional information that you have requested from us for the purpose of the audit; and
Unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence.
Management;
Employees who have significant roles in internal control; or
Others where the fraud could have a material effect on the financial statements.
For and on Behalf Board of Directors
Director
(DIN: )
Date:
Place:
For any inquiry you may write us on: ramanujan.ca@gmail.com
Disclaimer: The information provided by the author in the article is for general informational purposes only. All information provided is in the good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in the article.