f. Violations of laws or regulations that should be disclosed in the financial statement or as a basis for loss contingencies.
g. Capital stock repurchases or options that are reserved for conversions, warrants, etc.
Regards,
Brock Morton, President
Bryant Industries
Required:
( a) Based on this letter, identify at least five other matters that Brock Morton’ s representation letter should specifically confirm.
( b) What other problems exist with the letter provided to Janet Smith?