December 27, 1982
SEC CIRCULAR NO. 07-82
| TO | : | All Certified Public Accountants |
All financial statements to be submitted by corporations to the Securities and Exchange Commission which are required to be certified by an independent Certified Public Accountant, shall in addition to the report of the certifying CPA, be accompanied by the following statement: LexLib
"TO THE SECURITIES AND EXCHANGE COMMISSION:
In connection with my examination of the financial statements of client-corporations, which are to be submitted to the Commission, I hereby represent the following:
1) That said financial statements are presented in conformity with generally accepted accounting principles in all cases where I shall express an unqualified opinion; Except that in case of any departure from such principles, I shall indicate the nature of the departure, the effects thereof, and the reasons why compliance with the principles would result in a misleading statement, if, such is a fact;
2) That I shall fully meet the requirements of independence as provided in Section 14 of the Code of Professional Ethics for CPAs;
3) That in the conduct of the audit, I shall comply...
