What it is
When a report is reissued or a consent is given after the original date, the auditor needs management to confirm that nothing has changed. PCAOB standards call for updating representations when a predecessor auditor reissues a report (AS 2610) and in subsequent events procedures for filings under the Securities Act of 1933 (AS 4101).
The updating letter states whether any information has come to management’s attention that would cause them to modify previous representations, and whether any events after the balance sheet date require adjustment or disclosure.
When to use it
- A predecessor auditor reissues or consents to reuse of its report.
- Registration statement filings with subsequent events procedures.
- A report is reissued after a delay.
What’s inside
- Updating letter with the two required statements
- Table of items for management to confirm
- Signature block for the officers
- Space for exceptions
Standard cited
This template follows AS 2805 / AS 2610, AS 4101. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
What two matters must the letter cover?
Whether any information has come to management’s attention that would cause them to believe previous representations should be modified, and whether any events have occurred after the balance sheet date of the latest financial statements reported on that require adjustment or disclosure (AS 2805).
Is it only for issuers?
AS 2805 applies to PCAOB audits. Nonissuer auditors use updating letters under their own standards in similar situations.
Related templates
- Management Representation Letter (AU-C 580)
- Management Representation Letter for a PCAOB Issuer Audit
- Subsequent Events Memo (AU-C 560 and ASC 855)
- Predecessor Auditor Communication Letters
Last updated 11/06/2026. All free templates.