[The following paragraph was effective for reviews of interim periods within fiscal years beginning before December 15, 2014. See PCAOB Release No. 2014-002 for reviews of interim periods within fiscal years beginning on or after December 15, 2014, or return to the current version.]

[The following paragraph is effective for reviews of interim periods within fiscal years beginning on or after December 15, 2010. See PCAOB Release No. 2010-004. For reviews of interim periods within fiscal years beginning before December 15, 2010, click here.]

C5. Certain terms are used in the illustrative letters that are described elsewhere in authoritative literature. Examples arefraud, in section 316 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.