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The Management Representation Letter For Review Engagement is a mandatory document required during review engagements in India, governed by the Standards on Review Engagements (SRE) 2400 issued by the Institute of Chartered Accountants of India (ICAI). This document is typically issued at the conclusion of a review engagement, before the reviewer issues their review report. It contains management's written representations about their responsibilities for financial statements, internal controls, and compliance with laws and regulations. The letter confirms that management has provided all relevant information to the reviewer and includes specific representations about the preparation and presentation of financial statements in accordance with the applicable financial reporting framework in India. It serves as a key piece of review evidence and forms part of the reviewer's documentation.

1. Letter Header and Addressing: Company letterhead, date, addressee (the reviewing firm), and engagement period reference

2. Purpose and Scope: Clear statement of the purpose of the letter and the scope of the review engagement

3. Management Responsibilities: Acknowledgment of management's responsibilities for financial statements and internal controls

4. Financial Statements Representation: Specific representations about the preparation and fair presentation of financial statements

5. Information Provided: Confirmation that all relevant information has been provided to the reviewer

6. Internal Control and Fraud: Representations regarding internal control systems and disclosure of any fraud or suspected fraud

7. Compliance Matters: Representations regarding compliance with laws and regulations

8. Subsequent Events: Disclosure of events occurring after the balance sheet date

9. Going Concern: Representations about the entity's ability to continue as a going concern

10. Signature and Dating: Appropriate signatures of management representatives and dating of the letter