Page 158 - CA Final PARAM Digital Book.

1. Year end WR
2. During the year WR
3. WR for multiple years
4. WR even when management has changed

QNO Significant Gap in WR & Financial Statements New Course – (SM23)
97.200 TITANIUM CNO-- SA580.060
Following is a written representation given by RES Limited to its statutory auditors i.e. M/s CTK &
Associates for audit of financial year 2022-23. The audit was completed and report dated 31.7.23 was
issued.

Point out, if there is any, anomaly in written representation reproduced below.
15th April 2023

To
CTK & Associates

Chartered Accountants

Dear Sir,
This representation letter is provided in connection with your audit of the financial statements of RES
Limited for the year ended March 31, 2023 for the purpose of expressing an opinion as to whether the
financial statements give a true and fair view in accordance with the applicable accounting standards in
India.

We confirm that (to the best of our knowledge and belief, having made such inquiries as we considered
necessary for the purpose of appropriately informing ourselves):
Financial Statements

• We have fulfilled our responsibilities, as set out in the terms of the audit engagement dated 17th
August 2022 for the preparation of the financial statements in accordance with financial reporting
Standards, in particular, the financial statements give a true and fair view in accordance with the
applicable accounting standards in India.

• Significant assumptions used by us in making accounting estimates, including those measured at
fair value, are reasonable.

• Related party relationships and transactions have been appropriately accounted for and disclosed
in accordance with the requirements of applicable accounting standards in India.(SA 550)

• All events subsequent to the date of the financial statements and for which applicable accounting
standards in India require adjustment or disclosure have been adjusted or disclosed. (SA 560)

• The effects of uncorrected misstatements are immaterial, both individually and in the aggregate,
to the financial statements as a whole. A list of the uncorrected misstatements is attached to the
representation letter. (SA 450)

Information provided.

• 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.

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