You are the Chief Financial Officer (CFO) of Fortune Hotels Ltd., a company operating in the hospitality sector with multiple hotels across India.…

Matters to be included in Written Representation Letter- Relating to Financial Statements: As management and Key Managerial Personnel, we acknowledge and represent to you that: We have fulfilled our responsibilities, as set out in the terms of the audit engagement dated ______ for the preparation of the financial statements in accordance with financial reporting Standards in particular, the financial statements give a true and fair view in accordance with the applicable accounting standards in India.Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of applicable accounting standards in India. (SA 550)All events subsequent to the date of the financial statements and for which applicable accounting standards in India require adjustment or disclosure have been adjusted or disclosed. (SA 560)The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the financial statements as a whole. A list of the uncorrected misstatements is attached to the representation letter. (SA 450)