During the audit of the annual financial statements of Amis Manufacturing Inc., the company’s president, Vance Molar, and Wanda Dweebins, the engagement partner, reviewed matters that were supposed to be included in written representations. Amis Manufacturing is not subject to the reporting requirements of AS 5. Upon receipt of the following representations, Dweebins contacted Molar to state that they were incomplete.
To John & Wayne, CPAs: In connection with your examination of the balance sheet of Amis Manufacturing Inc., as of December 31, 2014, and the related statements of income, retained earnings, and cash flows for the year then ended, for the purpose of expressing an opinion on whether the financial statements present fairly the financial position, results of operations, and cash flows of Amis Manufacturing Inc., in conformity with generally accepted accounting principles, we confirm, to the best of our knowledge and belief, the following representations made to you during your audit.
There were no
• Plans or intentions that could materially affect the carrying value or classification of assets or liabilities.
• Communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices.
• Agreements to repurchase assets previously sold.
• Violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a contingent liability.
• Unasserted claims or assessments that our lawyer has advised are probable of assertion that must be disclosed in accordance with Accounting Standards Codification

  • CreatedOctober 27, 2014
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