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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.
The letter sets out responsibilities and representations made by the officers to the auditor to confirm that certain matters have been undertaken and confirm the responsibilities of the officers to ensure there is no misunderstanding.
The letter will be written on your lawyer's letterhead and signed by your lawyer. If you hired a law firm, the attorney letter of representation will be signed by the member of the firm who will personally handle your case on behalf of the firm.
The information referred to in the letter is material to the financial statements for which the auditor is unable to obtain independent corroborative evidence. These matters might include any future legal claims and adjusting events.
In fact, Rule 1.5(b) provides that, at the beginning of the representation, you must memorialize in writing three essential items: (1) the scope of the representation; (2) the basis or rate of the fee; and (3) the expenses for which the client will be responsible.
An attorney letter of representation usually contains the following: your attorney's name and contact information (or the name of the law office/law firm representing you), the reason for legal representation (for example, personal injury, malpractice, divorce), a brief summary of the facts of your case,
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.
The Letter of Representations is a letter written from the Association to its accountant representing that the financial statements for the time period covered by the engagement are the responsibility of "management".