Letter of representation 2025

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The AICPAs guidance requires, when the engagement covers a modified or extended period, that the auditor obtain managements written representation in the form of a representation letter addressed to the auditor. The AICPA requires that the service auditor request the written representations from management.
Written representations from management ordinarily confirm representations explicitly or implicitly given to the auditor, indicate and document the continuing appropriateness of such representations, and reduce the possibility of misunderstanding concerning the matters that are the subject of the representations.
Written representation A written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. Written representations in this context do not include financial statements, the assertions therein, or supporting books and records.
Essentially, a letter of representation sets the foundation for your insurance claim, helping protect your interests and signaling to the insurance company that you are serious about pursuing compensation.