Company Representation Letter

(Company’ Letterhead)
_____________________________
_____________________________
___________________________
____________________________
Dear ___________
In connection with your examination of financial statements of

_____________________________________ as of December 31, 2022 and for the period
then ended, we recognize that obtaining representations from us concerning the information
contained in this letter is a significant procedure in enabling you to form an opinion whether
the financial statements, present fairly, in all material respects, the financial condition,
statement of operations, changes in equity and cash flow of
______________________________ in conformity with Financial Reporting Standards
applicable to Companies in the Philippines, taking into consideration Corporation laws, rules,
regulations, and principles and accordingly, we make the following representations, which are
true to the best of our knowledge and belief.
General
We recognize that, as members of management and/or owners of the Company, we are

responsible for the fair presentation of its financial statements. We believe that the
statements of the financial condition, operations, changes in equity and cash flow are fairly
presented in conformity with Financial Reporting Standards applicable to Companies in the
Philippines, taking into consideration of laws, rules, regulations, and principles.
We have made available to your representatives all financial records and related data.
We have no plans or intentions that may materially affect the carrying value or classification of
liabilities.
Recorded Transactions
There are no material transactions that have not been properly recorded in the accounting
records underlying the financial statements.
Minutes and Contracts
We have made available to you all significant contracts and agreements and all minutes of
meetings of trustees or summaries of actions of recent meetings for which minutes have not
yet been prepared. We have complied with all aspects of contractual agreements that would
have a material effect on the financial statements in the event of non-compliance.
Related Party Transactions
That all related party transactions are on an arm length bases and there are no amounts
receivable from or payable to them (such as advances, deposits, leasing, arrangements, and
guarantees) that are not recorded in the books.
Contingent Liabilities
There are no unasserted claims or assessments that are probable of assertion and must be
disclosed in the financial statements in accordance with generally accepted accounting
principles in the Philippines.
There have been no violations or possible violations of laws or regulations in any jurisdiction
whose effects should be considered for disclosure in the financial statements or as a basis for
recording a loss contingency.
There have been no communications from regulatory agencies or government

representatives concerning investigations or allegations of non compliance with laws or
regulations in any jurisdiction, or deficiencies in financial reporting practices or other matters
that could have a material effect on the financial statements.
There are no other material liabilities or gain or loss contingencies that are required to be
accrued or disclosed nor are there any accruals for loss contingencies included in the balance
sheet that are not in conformity with the generally accepted accounting principles.
Your maximum liability for any reason, including negligence, relating to the services under this
letter shall be limited to the fees paid to you for the services or work product giving rise to the
liability.
Irregularities
There have been no irregularities involving management or employees who have significant
roles in the internal control structure. There have been no irregularities involving other
employees that could have a material effect on the financial statements.
Subsequent Events
No matters or occurrences have come to our attention up to the date of this letter that would
materially affect the financial statements and related disclosures for the year ended
December 31, 2022 or although not affecting such financial statements or disclosures, have
caused or likely to cause any material change, adverse or otherwise, in the financial condition
or results of operations of the company.
Very truly yours,
__________________________
By:
___________________________
PRESIDENT
Signature over Printed Name / Position

Company Representation Letter

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(Company’ Letterhead)

In connection with your examination of financial statements of

We recognize that, as members of management and/or owners of the Company, we are

Minutes and Contracts

Related Party Transactions

There have been no communications from regulatory agencies or government

Very truly yours,

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