New illustrative representation letter for review engagements.

• Position: AICPA News - Brief Article

The AICPA's Accounting and Review Services Committee has issued a revised illustrative representation letter for review engagements that:

* Clarifies dating and the terms "identification of financial statements," "dates" and "periods of review;"

* Clarifies that the representations should be made as of the date of the accountant's review report;

* Includes representations required by Statement on Standards for Accounting and Review Services No. 10, Performance of Review Engagements...