Management representation letter sample public limited listed companies NBFI Non-Banking Financial Institutions

1. XXXX
Chartered Accountants
Address
Date
Dear Sir,
Letter of Representationrelatingto the audit of DimDim Limited for the year ended
31 December 2016
This representation letter is provided in connection with your audit of the financial
statements of DimDim Limited for the year ended 31 December 2016 for the purpose of
expressing an opinion as to whether the financial statements are presentedfairly, in all
material respects, in accordance with Bangladesh Financial Reporting Standards.
We confirm, to the bestof our knowledge and belief, the following representations made to
you during your audit.
1. We have fulfilled our responsibilities, as setoutin the terms of the audit engagement
for the preparation of the financial statements in accordance with Bangladesh
Financial Reporting Standards; in particular, the financial statements are fairly
presented in accordance therewith.
2. Significant assumptions usedby us in making accounting estimates, includingthose
measured at fair value, are reasonable.
3. Related party relationships and transactions have been appropriatelyaccounted for
and disclosed in accordance with the requirements of Bangladesh Financial
Reporting Standards.
4. All events subsequent to the date of the financial statements and for which
Bangladesh Financial Reporting Standards requireadjustments or disclosures have
been adjusted or disclosed.
5. The effect of uncorrected misstatements is immaterial, both individuallyand in the
aggregate, to the financial statements as a whole.
6. All cash and bank accounts and other properties and assets of the Company of
which we are aware are included in the Financial Statements as of and for the year
ended 31 December 2016. The Company has satisfactory title to all owned assets
and there are no liens or encumbrances on any assets of DimDim Limited;
7. Accrued profit on investments is current and may be fully collectible;

2. 8. All liabilities of the company of which we are aware included in the Financial
Statements as of 31 December 2016. There are no other material liabilities or gain
or loss contingencies that are required to be accrued or disclosed and we are not
aware of any circumstances from which claims may arise;
9. Commitments for documentary credits, undrawn formal standby facilities, credit lines
and other commitments are properly disclosed in the Financial Statements and no
material loss is expected to arise from such matters;
10. Proper books of accounts as required by laws have been kept by the branches;
11. No matters or occurrences have come to our attention up to the present time which
would materially affect the Financial Statements as of and for the year ended 31
December 2016;
12. The Financial Statements have been preparedin accordance with the DFIM circular
# 11, dated 23 December, 2009 issued by Bangladesh Bank;
13. We confirm that the financial statements of subsidiaries ofthe company namely XX1
Limited has been audited by XXX2 Chartered Accountants, XX2 Limited and XX3
Limited have been audited by XXX3 Chartered Accountants.
14. All loans and advances have beenduly classified as per Bangladesh Bank circulars,
required provisions have been made where necessary and interest charged on
classified accounts have been duly kept in interest suspense account andloan loss
written off has been made as per applicable circulars of Bangladesh Bank;
15. All other provisions kept by us such as provision for current and deferred tax,
provision for off balance sheet items are sufficient;
16. Capital Adequacy Requirementas per Bangladesh Bank Circular has been fulfilled.
All returns sent by branches have been complied and consolidated properly;
17. Internal control system of the branches are satisfactory in all respect;
18. All instructions provided by Bangladesh Bank have been followed accordingly in
relation to classification of investments;
19. All duties and taxes in accordance with the existing laws have been duly collected
and deposited to the Government Treasury;
20. The Balance Sheetand Profitand Loss Accountof DimDim Limited dealt with by the
auditor’s report are in agreement with the books of accounts and returns;
21. The financial position ofthe Company as of31 December 2016and profitearned for
the year then ended have been properly reflected in the financial statements which

3. have been preparedin accordancewith the General Accounting Principles accepted
in Bangladesh;
22. The records and statements submitted by the branches have been properly
maintained and consolidated in the financial statements.
23. We have disclosed to you the identity of the entity’s related parties and all related
party relationships and transactions of which we are aware.
24. We have provided you with:
 Access to all information of which we are aware that is relevant to the
preparation of the financial statements such as records, documentation and
other matters;
 Additional information that you have requested from us for the purpose of the
audit; and
 Unrestricted access to persons within the entity from whom you determined it
necessary to obtain audit evidence.
25. All transactions have been recorded in the accounting records and are reflected in
the financial statements.
26. We have disclosed to you all information in relation to fraud or suspected fraud that
we are aware of and that affects the entity and involves:
 Management
 Employees who have significant roles in internal control; or
 Others where the fraud could have a material effect on the financial statements.
27. We have disclosed to you all information in relation to allegations of fraud, or
suspected fraud, affecting the entity’s financial statements communicated by
employees, former employees, analysts, regulators or others.
28. We have disclosed to you all known instances of noncompliance or suspected non-
compliance with laws and regulations whose effects should be considered when
preparing financial statements.
Thank you.
Sincerely,
Managing Director
DimDim Limited