LIST OF STATEMENTS THAT MAY OR MAY NOT BE INCLUDED IN THE MANAGEMENT REPRESENTATION LETTER Item Included Statement 1. The company is not independent with regard to the financial statements. 2. The company approved all estimates made by the auditor in the financial 3. The company has made available to the auditor all minutes of the meetings 4. All information in the notes to the financial statements is the representation statements of the board of directors of the auditor. 5. The company has no plans that may materially affect the carrying value of assets or liabilities. 6. We have no knowledge of alleged fraud or suspected fraud 7. All items included in this letter are assumed to be immaterial. 8. |Related party transactions have been properly disclosed in the financial statements 9. No events have occurred subsequent to the balance sheet date that would require disclosure in the financial statements. 10. We have recorded no transactions that would have a negative effect on earnings REQUIRED: Determine which of the above statements would typically be included in the management representation letter obtained by the auditor. Indicate your answer by inserting "YES" or "NO" in the box provided next to the statement