Management Representation Letter Compilation by zjb12998

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									                    LETTER AND REPORT MODELS




Audit :

Appendix 1A : Sample Letters
  1A.1    Sample letter to a predecessor accounting firm — Performing an audit engagement
  1A.2a   Sample letter to a predecessor accounting firm — Performing a review engagement
  1A.2b   Sample letter to a predecessor accounting firm — Performing a compilation engagement
  1A.3    Sample letter of understanding regarding a review of working papers — Performing an audit
          engagement
  1A.4    Sample letter of understanding regarding a review of working papers — Performing a review
          engagement
  1A.5    Sample engagement letter — An audit engagement
  1A.6    Sample engagement letter — A review engagement
  1A.7    Sample engagement letter – A compilation engagement
  1A.8    Sample letter setting out arrangements with the entity
  1A.9    Sample letter obtaining authorization from client to grant access to working papers
 1A.10    Sample letter obtaining understanding regarding access to working papers
 1A.11    Sample letter of solicitor-client privilege

Appendix 1B : Sample Privacy Policy
  1B.1    Sample privacy policy

Appendix 2A : Risk Assessment worksheet
  2A.3    Risk Assessment worksheet

Appendix 3B : IT Application Schedule
  3B.2    IT Application Schedule

Appendix 4A : Sample Management Representation Letters
  4A.1    Sample management representation letter
  4A.2    Sample management representation letter – Not-for-profit

Appendix 4C : Sample Letters- Confirmations and Enquiries
  4C.1    Confirmation — Accounts Payable
  4C.2    Confirmation — Accounts Receivable
  4C.3    Confirmation — Commissions Payable
  4C.4    Confirmation — Deposits Payable
  4C.5    Confirmation — Deposits Receivable
  4C.6    Confirmation — Equipment Held/Leased
  4C.7    Confirmation — Inventory Consigned to Others
  4C.8    Confirmation — Long-term Debt
  4C.9    Confirmation — Miscellaneous Receivables/Payables
 4C.10    Confirmation — Mortgage Payable
 4C.11    Confirmation — Mortgage Receivable
 4C.12    Confirmation — Notes / Loans Payable and Receivable
 4C.13    Confirmation — Receivables Held by Collection Agency
 4C.14    Confirmation — Royalties Receivable
 4C.15    Enquiry — Actuary


                       Do not reproduce without written authorization       May 2009 (7920)
  4C.16     Enquiry — General Insurance Policies
  4C.17     Enquiry — Inventory Held at Outside Locations
  4C.18     Enquiry — Legal
  4C.19     Enquiry — Life Insurance Policies
  4C.20     Enquiry — Pension Plan
  4C.21     Enquiry — Rent Receivable
  4C.22     Enquiry — Safety Deposit Boxes
  4C.23     Enquiry — Securities Held in Safekeeping
  4C.24     Enquiry — Share Capital
  4C.25     Request — Additional Banking Information
  4C.26     Request — Bank Cut-off Statements
  4C.27     Request — By Client NOT to Confirm Certain Balances
  4C.28     Reply Letter — Consignment Inventory Held

Appendix 6D : Management Letters
  6D.1    Reportable Audit Findings — to Management
  6D.2    Reportable Audit Findings — to Audit Committee (or equivalent)
  6D.3    Material Weaknesses in Internal Control
  6D.4    Derivative Communication

Appendix 6A : Auditor’s Reports
  6A.1    Standard auditor’s report for an audit of financial statements
  6A.2    Auditor’s report when differential reporting options are applied
  6A.3    Non-consolidated financial statements – adverse opinion
  6A.4    Auditor’s report on comparative financial statements
  6A.5    Previous year’s comparative figures audited by another firm of public accountants
  6A.6    Comparative figures were not audited
  6A.7    Reference to a reservation in the previous year’s auditor’s report
  6A.8    Reservation of opinion due to a scope limitation
  6A.9    Denial of opinion due to a scope limitation
 6A.10    Qualified opinion resulting from a departure from generally accepted accounting principles
          when the effects are not determinable
 6A.11    Double-dated auditor’s reports as a result of re-issuing financial statements

Appendix 6B : Differential Reporting- Individual Shareholder’s Consent
  6B.1    Differential reporting – Individual shareholder’s consent

Appendix 6C : Communications with Audit Committee
  6C.1    Independence confirmation
  6C.2    Audit planning
  6C.3    Audit findings

Appendix 10.2A : Sample Engagement Letters – Future-Oriented Financial Information
 10.2A-1   Sample Engagement Letter — Audit of a Financial Forecast
 10.2A-2   Sample Engagement Letter — Audit of a Financial Projection
 10.2A-3   Sample Engagement Letter — Compilation of a Special Purpose Financial Projection

Appendix 10.2B : Sample Management Representation Letters — Future-Oriented Financial
Information
 10.2B-1    Sample Management Representation Letter — Audit of Financial Forecast
 10.2B-2    Sample Management Representation Letter — Compilation of a Financial Forecast

Appendix 10.2C : Sample Reports on Future-Oriented Financial Information
 10.2C-1  Audit of a Financial Forecast
 10.2C-2   Compilation of a Special Purpose Financial Projection
 10.2C-3   Auditor’s Report on a Financial Forecast



                        Do not reproduce without written authorization        May 2009 (7920)
 10.2C-4    Auditor’s Report on a Financial Projection
 10.2C-5    Notice to Reader on the Compilation of a Financial Forecast

Appendix 10.2D : Sample Programs and Checklists - Future-Oriented Financial Information
 10.2D-1   Audit Program — Future-oriented Financial Information
 10.2D-2   Compilation Program — Future-oriented Financial Information
 10.2D-3   Presentation and Disclosure Checklist — Future-oriented Financial Information

Review :
Appendix 8A : Sample Letters
  1A.6    Sample engagement letter — A review engagement
  8A.1    Standard letter of representations
  8A.2    Letter of independence for review of financial statements
  8A.3    Differential reporting — Sample letter indicating shareholder’s consent

Appendix 8B : Review Engagement Reports
  8B.1    Standard review engagement report for a review of financial statements
  8B.2    Standard review engagement report for a review of financial information
  8B.3    Standard review engagement report for a review of compliance with an agreement and
          regulations
  8B.4    Standard review engagement report for a review of financial statements prepared using
          differential reporting options
  8B.5    Qualification resulting from a departure from generally accepted accounting principles when
          the effects are not readily determinable
  8B.6    Qualification resulting from an inability to complete the review due to accounting records
          being destroyed in a fire
  8B.7    Adverse report resulting from a departure from generally accepted accounting principles
  8B.8    Denial of assurance resulting from an inability to complete review due to serious deficiencies
          in the accounting records
  8B.9    Previous year’s comparative figures reported upon by another firm of public accountants
 8B.10    Comparative figures were not audited or reviewed
 8B.11    Reference made to a reservation in the previous year’s review engagement report

Compilation :
  1A.2b     Sample letter to a predecessor accounting firm — Performing a compilation engagement
  1A.7      Sample engagement letter — A compilation engagement
  9A.1      Sample engagement letter for a compilation engagement
  9A.2      Additional paragraphs to include in a review or audit engagement letter when performing a
            compilation on the non-consolidated entities of a corporate group




                         Do not reproduce without written authorization        May 2009 (7920)

								
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