Representation Letter 2012

8/11/2019 Representation Letter 2012

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21thApril 2013

The Auditors

MB&P Accounting & Auditing

Doha - Qatar

Sub !epresentation "etter

Dear Sir,

In connection with your audit to the financial statements of Al-Hassan International Trading

and contracting CO. W... as at Decem!er "#, $%#$ and for the &ur&ose of e'&ressing an

o&inion as to whether the financial statements &resent fairly, in all material res&ect, the

financial &osition, results of o&erations and cash flow of Al-Hassan International Trading and

contracting CO. W... In conformity with generally acce&ted accounting &rinci&les. We

confirm, to the !est of our (nowledge and !elief, the following re&resentations made to you

during your audit.

We are res&onsi!le for the fair &resentation in the financial statements) financial &osition,

results of o&erations and cash flow in conformity with generally acce&ted accounting

&rinci&les including the a&&ro&riate disclosure of all information re*uired !y statute.

There are no unad+usted audit differences identified during the current audit and

&ertaining to the current year &resented.

We confirm to the !est of our (nowledge and !elief, the following re&resentations made to

su&&lement information o!tained !y you from the !oo(s and records of the esta!lishment

and to confirm information gien to you orally.

We hae made aaila!le to you all inancial records and related data

There hae !een no

a. Irregularities inoling management or em&loyees who hae significant roles in

the internal control structure.

!. Irregularities inoling other em&loyees that could hae a material effect on the

financial statements.

c. Communications from regulatory agencies concerning non-com&liance with, ordeficiencies in, financial re&orting &ractice that could hae a material effect on the

financial statements.

We hae no &lans or intentions that may materially affect the carrying alue or

classification of assets and lia!ilities.

Accounting estimates included in the financial statements are !ased u&on

/anagement0s !est +udgments, after considering &ast and current eents and

assum&tions a!out future eents.

The following hae !een &ro&erly recorded or disclosed in the financial statements -

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a. 1elated &arty transactions and related amounts receia!le or &aya!le, including

sales, &urchases, loans transfers, leasing arrangements, and 2uarantees.

!. 3alances with financial institutions with res&ect to oans 4 !an( oerdrafts.

c. The correct alue of all assets 4 ia!ilities in the financial &osition, and the

details for the same in notes to inancial Statements.

d. We confirm the accounts receia!les to !e 51. "6,7%6,"68 as at "#9#$9$%#$.

e. We confirm the trade and other receia!les to !e 51. 6,"#%,6:8 as at "#9#$9$%#$.

f. We confirm the accrued reenues to !e 51. ",%%%,%%% as at "#9#$9$%#$.

g. We confirm the Adances to !e 51. #,$8#,$%7 as at "#9#$9$%#$.

h. We confirm &re&aid e'&enses to !e 51. ;7;,##6 as at "#9#$9$%#$.

i. We confirm the accounts &aya!les to !e 51. 6,%$


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a. >iolations or &ossi!le iolations of laws or regulations whose effects should !e

considered for disclosure in the financial statements or as a !asis of recording a loss

contingency.

!. Other material lia!ilities of gain or loss contingencies that are re*uired to !e accrued

or disclosed !y accounting standards. There are no unasserted claims or assessments that our lawyer has adised us are

&ro!a!le of assertion and must !e disclosed in accordance with the accounting

standards.

There are no material transactions that hae not !een &ro&erly recorded in the accounting

records underlying the financial statements.

The com&any has satisfactory title to allowed assets, and there are no liens or

encum!rances on such assets nor has any asset !een &ledged.

The assets are de&reciated at a&&ro&riate rates to reduce the assets to their estimated

residual alue at the end of their e'&ected useful lies.

We hae recorded or disclosed as a&&ro&riate, all lia!ilities, !oth accrual 4 contingent,

and hae disclosed in the financial statements all guarantees that we hae gien to the

third &arties.

We confirm the aaila!ility of cash in hand and !an( at "#9#$9$%#$ amounted to !e

51. $;7,$#< is to !e true and relia!le.

We confirm the aaila!ility of ?et fi'ed asset cost at "#9#$9$%#$ amounted to !e 51.

#:,%$7,877 and lands to !e 51. $,%%%,%%% is to !e true and relia!le.

We confirm the amount of receia!le and &aya!le to !e true and relia!le.

We confirm the &ayment of 3usiness @romotion '&enses to !e true and relia!le.

We hae com&lied with all as&ect of contractual agreements that would hae a

material effect on the financial statements in the eent of non- com&liance.

?o eents hae occurred su!se*uent to the !alance sheet date that would re*uire

ad+ustments to, disclosure in, the financial statements.

All adances, Accounts receia!les, Accounts &aya!les are &ro&erly disclosed and

there are no misstatements relating to these amounts.

All thedetails mentioned in the notes to inancial Statements are true and we are

res&onsi!le for misstatements if any.

The Income earned on uncom&leted contracts has !een fairly 4 reasona!ly determined

!y reference to the &rogress of each contract B@ayment Certificate 4 ade*uate

&roision has !een made for contingencies 4 &otential losses.

There are no formal or informal com&ensating !alance arrangements with any of our

cash accounts. 'ce&t as disclosed in the financial statements, we hae no other line

of credit arrangements.

#########$Director 9 /anager

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Documents

Representation Letter 2012