Certified Manager of Community Associations (CMCA) Practice Exam 2025 - Free CMCA Practice Questions and Study Guide

A representation letter from a community association serves as an important document that confirms the accuracy and completeness of the information provided by the association to the auditor. This letter is typically signed by the governing board or management of the community association and attests to various claims about the financial statements and other relevant disclosures.

By affirming that the information is accurate and complete, the representation letter holds the community association accountable for the data it presents during the audit process. This is crucial for establishing trust between the association and the CPA, ensuring that the audit reflects a truthful view of the association’s financial position and operations.

The other options do not accurately capture the primary purpose of a representation letter. While it is vital for financial statements to be prepared by the CPA, the letter itself does not serve to confirm this. Similarly, the agreement to waive fees is unrelated to the content of the representation letter. Finally, while the governing board’s approval of audit results is significant, it is not the purpose of the representation letter to confirm this approval. Instead, the letter focuses on validating the integrity of the provided information.