Document ID: chunk:federal_register_of_legislation:F2022C01208:reg:14:p33
Version: federal_register_of_legislation:F2022C01208
Segment Type: reg
Provision Reference: reg 14 (pt 33/57)
Character Range: 100457–103508

accordance with your understanding of the arrangements for our review of the half‑year financial report.

Yours faithfully,

(signed)

……………………….

Name and Title

Date

Acknowledged on behalf of [entity] by

(signed)

……………………….

Name and Title

Date

EXAMPLE OF A REPRESENTATION LETTER

The following letter is not intended to be a standard letter.  It is to be used as a guide only and will need to be adapted according to individual requirements and circumstances.  This illustrative letter is written in the context of a half‑year financial report under the Corporations Act 2001.  Refer to paragraph 24 of this Auditing Standard for required representations.

Representations by management will vary from one entity to another and from one period to the next.  Representation letters are ordinarily useful where evidence, other than that obtained by enquiry, may not be reasonably expected to be available or when management have made oral representations which the auditor wishes to confirm in writing.

[Entity Letterhead]

[Addressee – Auditor]

[Date]

This representation letter is provided in connection with your review of the half‑year[16] financial report[17] of [name of entity] for the [period] ended [date], for the purpose of you expressing a conclusion as to whether you became aware of any matter in the course of the review that makes you believe that the half‑year financial report does not comply with the Corporations Act 2001.

We acknowledge our responsibility for ensuring that the half‑year financial report complies with the Corporations Act 2001, including:

    (i)                 giving a true and fair view of the [company/entity]'s financial position as at [date] and of its performance for the half‑year ended on that date; and

    (ii)               complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.

We confirm that the half‑year financial report is prepared and presented in accordance with the Corporations Act 2001 and is free of material misstatements, including omissions.

OR

[This representation letter is provided in connection with your review of the financial report[18] of [name of entity] for the [period] ended [date], for the purpose of you expressing a conclusion as to whether anything has come to your attention that causes you to believe that the financial report does present fairly, in all material respects[19], in accordance with [the applicable financial reporting framework[20]].

We acknowledge our responsibility for ensuring that the financial report is in accordance with [applicable financial reporting framework].

We confirm that the financial report is prepared and presented fairly in accordance with [applicable financial reporting framework] and is free of material misstatements, including omissions].

We confirm, to the best of our knowledge and belief, the following representations made to you during your review.

[Include representations required by this Auditing Standard (paragraph 24) and those relevant