Document background
The Management Representation Letter For Compilation Engagement is a critical document required during compilation engagements in the United Arab Emirates, aligned with both international standards (ISRS 4410) and local UAE regulations. This document is typically used when a business engages a professional accountant to assist in the preparation and presentation of financial information without providing assurance on that information. The letter includes management's acknowledgment of their responsibilities, confirmations about the accuracy and completeness of provided information, statements about compliance with UAE laws and regulations, and specific representations about various financial matters. Under UAE Federal Law No. 32 of 2021 and professional accounting standards, this letter serves as a formal record of management's assertions and responsibilities in the compilation process, protecting both the client and the practitioner by clearly documenting the scope and nature of representations made.
