Which of the following expressions is least likely to be included in a client’s representation letter?

a. No events have occurred subsequent to the balance sheet date that require adjustments to, or disclosure in, the financial statements.

b. Management acknowledges responsibility for illegal actions committed by employees.

c. The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of non- compliance.

d. Management has made available all financial statements and related data.