StowbillManagement representation letter template
Before signing the audit report, the auditor asks management to confirm certain matters in writing. This template covers the representations ISA 580 requires and the ones other standards ask for, ready to tailor to the engagement.
What the letter covers
ISA 580 requires two representations in every audit: that management has fulfilled its responsibility for preparing the financial statements, and that it has given the auditor all relevant information and access and recorded all transactions. Other ISAs add representations on fraud, laws and regulations, litigation, related parties, estimates, subsequent events, uncorrected misstatements and going concern. The template includes all of them:
- Financial statements of [Company name] for the year ended [date]
- Financial statements
- Information provided
How to use it
- Date it the same day as the auditor's report, or as close before it as practicable. It must not be dated after the report.
- Have it signed by the people with responsibility for the financial statements, usually the chief executive and the chief financial officer.
- Attach the list of uncorrected misstatements.
- Add representations for significant judgements on this engagement, and remove any that do not apply.
Preview
| Area | Representation |
|---|---|
| Financial statements | We have fulfilled our responsibilities, as set out in the terms of the audit engagement dated [date], for the preparation and fa… |
| The methods, significant assumptions and data used in making accounting estimates, and the related disclosures, are appropriate … | |
| Related party relationships and transactions have been accounted for and disclosed in accordance with the framework.… | |
| All events after the reporting date that require adjustment or disclosure have been adjusted or disclosed.… | |
| The effects of uncorrected misstatements are immaterial, individually and in aggregate, to the financial statements as a whole. … | |
| We have assessed the Company's ability to continue as a going concern and consider the going concern basis appropriate. [Describ… | |
| Information provided | We have provided you with access to all information of which we are aware that is relevant to the preparation of the financial s… |
Important
This is our own wording, written to cover what the standard requires. It is not the illustrative letter published by the IAASB, and it is not legal advice. Check your local standards, company law and your firm's own terms before you use it.
A representation letter supports other audit evidence. It does not replace it.
Send and sign it in Stowbill
In Stowbill the representation letter is an item at the completion stage. Send it for e-signature, and the signed copy with its certificate is filed on the engagement before the partner signs off.
Download the template
Questions
Is it free?
Yes. Use and adapt it for your own engagements.
What format is it?
A rich text file (.rtf), which opens and edits in Word, Google Docs and Pages.
Who signs a management representation letter?
Those with responsibility for the financial statements and knowledge of the matters, usually the chief executive and chief financial officer, on behalf of the board.
What date should it carry?
As near as practicable to the date of the auditor's report, and not after it.
Last reviewed 12 November 2026. General information, not professional or legal advice.
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