Document background
The Management Representation Letter For Review Engagement is a mandatory document required as part of review engagements conducted under UAE law and international standards. It is issued by an entity's management to the reviewing practitioner before the completion of a review engagement. The letter serves multiple purposes: it documents management's acknowledgment of their responsibilities, confirms the completeness and accuracy of information provided, and addresses specific representations about financial statements, internal controls, and compliance with applicable laws and regulations. In the UAE context, this document must comply with Federal Law No. 32 of 2021, UAE Auditing Law, and ISRE 2400 requirements. The letter typically includes representations about financial statement preparation, fraud prevention and detection, related party transactions, and subsequent events. It forms a crucial part of the review engagement documentation and provides important written evidence supporting the review conclusion.
