This blog was created to share book Named
"XBRL for Indian CA".
But because of the overwhelming success of the book we have decided to have full XBRL tutorials on this blog.
Now Sponsored by Madrecha & Co. (Chartered Accountants)
providing this letter in connection with your engagement to convert the audited
financial statements of .......... (the "Company") as of March 31,
20XX, and related financial statement schedules(s) to XBRL financial statements
for being furnished by the Company to the Ministry of Corporate Affairs ("MCA')
vide their General Circular No. 43/2011 dated July 07, 2011 and also
certification of aforementioned XBRL financial statements, prepared from the
audited financial statements for the aforesaid period. The term
"XBRL-tagged data" in this letter refers to the Company's XBRL
instance document, and the related taxonomy extension schema, label linkbase,
calculation linkbase, presentation linkbase, and definition linkbase documents,
all of which were provided to you on [specify date documents were provided or
file names with date(s)].
that we are responsible for:
XBRL-tagged data relating to above mentioned financial statements (and related
financial statement schedule(s)]; the completeness, accuracy, and consistency
of our XBRL tagged data; and the related assertions;
Identifying the applicable XBRL-tagged data filing requirements, determining
that the substance of the XBRL tagged data satisfies the regulatory
requirements and filing the XBRL-tagged data in a form and manner that
satisfies any regulatory or other requirements of the MCA to which the XBRL-tagged
data is to be submitted;
design, implementation, effectiveness, and monitoring of controls over the
preparation and tagging of the Company's financial statement data and over the
submission of the XBRL tagged data to the MCA;
Evaluating and monitoring the completeness, accuracy, and consistency of our XBRL
tagged data, including the work performed by any third parties in assisting us
with the preparation of our XBRL tagged
Complying with all applicable laws and regulations.
to the best of our knowledge and belief, the following representations made to
you during your Assistance in XBRL filing engagement:
known matters related to the XBRL data relating to our financial statements or
the related assertions have been disclosed to you.
2. We have
made available to you all:
a.Financial records and related data
b.Documentation relevant to the
preparation of the XBRL files, such as [specify documents, e.g., information
provided to a third party, tagging worksheets]
c. Output of all validation reports.
have been no communications from regulatory agencies affecting the XBRL tagged
data relating to our financial statements referred to above (except for [insert
4. We have
no knowledge of any fraud or suspected fraud affecting the entity's XBRL tagged
5. We have
no knowledge of any significant matters contrary to your findings (except for
[insert appropriate description])
any specific representations appropriate for this engagement].