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The letter may be signed any time from the date of the report and the report is issued. However, because it is an important piece of evidence supporting an audit opinion, the letter of representation should be signed before the report is issued (AICPA's SOC 1 Guide 4.189).
A letter of protection (LOP) is a letter sent to a medical professional by a personal injury lawyer representing a person injured in a car accident, work injury, or fall. A LOP guarantees payment for medical treatment from a future lawsuit settlement or verdict award.
Guidance states that ?the letter should be signed by those members of management with overall responsibility for financial and operating matters whom the auditor believes are responsible for and knowledgeable about, directly or through others in the organization, the matters covered by the representations?.
Provide guidance on the formatting and layout of a representation letter Begin the letter with the date and the recipient's name and address. Include a salutation, such as ?Dear [Name],? Write out the purpose of the letter in the opening sentence. Explain the purpose and the desired outcome of the letter in detail.
An attorney letter of representation is correspondence, usually a letter, sent by the victim's attorney to the defendant or an insurance company advising that an attorney represents the victim. The purpose of a representation letter is to make the opposing party aware that counsel represents your client.