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Your representation should be supported by evidence wherever possible. It will be helpful if you also say precisely how you think the plan should be modified. 4.2 You should provide succinctly all the evidence and supporting information necessary to support your representation and your suggested modification.
Related Content. A representation is an assertion as to a fact, true on the date the representation is made, that is given to induce another party to enter into a contract or take some other action. A warranty is a promise of indemnity if the assertion is false.
An attorney representation letter is the first correspondence sent from your lawyer to the insurance company that supplies liability coverage to the person (or company) that caused you harm. This letter notifies the defendant's insurance company that you have legal counsel.
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.