[jpat1980]

As I am going through I am finding conflicting information regarding the dates to use for letters such as Representation letter.

I tried to search the AL, but it doesn’t seem to cover the letter dates, unless I’m missing something.

Here is what I have so far:

Date of Letter of Representation: Before audit report is issued, At conclusion of fieldwork, Same date as audit report

Date of Letter to Attorney: Competition of Fieldwork

Date of Inquiry of Management: At Balance sheet date, Subsequent of B/S date

Date of Engagement Letter: Prior to acceptance

Date of Audit Report: Date Audit work is completed

The letter with the most conflicting information is the Letter of Representation, is that because the date of the letter of representation differs for Audits, Reviews?

If someone can help confirm or critique the dates I have mentioned, it would be appreciated.

Thank you

AUD-68,74,88
REG-81
BEC-75
FAR-71,79
(Primary: Becker | Supplemental: Wiley MCQ's, Ninja Notes)

CFP - passed(3/2013)
(KIER, College for Financial Planning-cffp.edu, Jeff Rattiner Books and Notes)

[Almost Done]

I have always thought the Letter of Representation is the same date as the Audit Report, regardless of whether its a review or examination. Where have you seen otherwise?

BEC: Passed
REG: Passed
FAR: Passed
AUD: Passed

[smalltimeauditor]

Jreuether381, you are correct. The client representation letter is always dated the same day as the audit report.

B - Passed
A - Passed
R - Passed
F - Passed

[jpat1980]

sweet, thank you.

What about the Attorney Letter? Is that the same date as the audit report too?

AUD-68,74,88
REG-81
BEC-75
FAR-71,79
(Primary: Becker | Supplemental: Wiley MCQ's, Ninja Notes)

CFP - passed(3/2013)
(KIER, College for Financial Planning-cffp.edu, Jeff Rattiner Books and Notes)

[smalltimeauditor]

You know, I've never seen this covered in any of the books but at my firm, we date the attorney letter as of the balance sheet date. And, of course, for subsequent events – any date balance sheet date and issuance of the report.

B - Passed
A - Passed
R - Passed
F - Passed

[jpat1980]

I have in my notes that the Letter to Attorney is the date of competition of field work.. Is this correct?

So, this is my summary so far:

Competition of Audit Field Work = Date of Audit Report = Date of Rep Letter = Date of Letter to Attorney

Will someone please help confirm that this is correct.

AUD-68,74,88
REG-81
BEC-75
FAR-71,79
(Primary: Becker | Supplemental: Wiley MCQ's, Ninja Notes)

CFP - passed(3/2013)
(KIER, College for Financial Planning-cffp.edu, Jeff Rattiner Books and Notes)

[smalltimeauditor]

So, the attorney letter in this case is searching for a subsequent event. Which is a date between completion of fieldwork and issuance of the report. That makes sense.

B - Passed
A - Passed
R - Passed
F - Passed

[Author]

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