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[The following paragraph was effective for interim periods within fiscal years beginning after December 15, 2002. It was amended, effective for reviews of interim periods within fiscal years beginning on or after December 15, 2010. See PCAOB Release No. 2010-004.

Return to the current version.]

C5.  Certain terms are used in the illustrative letters that are described elsewhere in authoritative literature. Examples are fraud, in section 319, Consideration of Fraud in a Financial Statement Audit, and related parties, in section 334, Related Parties, footnote 1). To avoid misunderstanding concerning the meaning of such terms, the accountant may wish to furnish those definitions to management or request that the definitions be included in the written representations.