Glossary entry

Hungarian term or phrase:

teljességi nyilatkozat

English translation:

letter of representation

Added to glossary by Péter Tófalvi
May 9, 2008 22:26
16 yrs ago
3 viewers *
Hungarian term

teljességi nyilatkozat

Hungarian to English Bus/Financial Finance (general)
Egy cég ügyvezetője adja ki, igazolva benne, hogy a könyvvizsgálói jelentéshez szükséges minden adatot átadott a független könyvszakértőnek.
Proposed translations (English)
4 +5 letter of representation
4 Full Disclosure Certification

Discussion

wfarkas (X) May 11, 2008:
To me this looks very much like a certification inspired by SOX 302-2, wherby certifying officers have disclosed to the issuer's auditors all pertinent information for certifying accuracy of financial statements.
juvera May 10, 2008:
Olyan nincs, legfeljebb Declaration of completeness, de az is többbyire fordítás.
Péter Tófalvi (asker) May 10, 2008:
Nekem a Completeness statement is tetszik, de a népakaratnak nem szoktam ellenszegülni, csak kivételesen. :-)
Péter Tófalvi (asker) May 9, 2008:
Szakterület Kijelöltem a Könyvvizsgálat szakterületet, de csak általános Pénzügyként fogadta el a rendszer.

Proposed translations

+5
20 mins
Selected

letter of representation

FinDict.hu interaktív angol-magyar pénzügyi fogalomtár alapján

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Note added at 1 day20 hrs (2008-05-11 19:19:54 GMT)
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I think it is safe to assume that the idea of "full disclosure" is built into the concept of a letter of representation (i.e. that the company in question must show all relevant documents to its accountant in accord with G.A.A.P.)
Peer comment(s):

agree kyanzes
28 mins
agree anyone : Szerintem is ez. Egyéb ötletek: http://hun.proz.com/kudoz/english_to_hungarian/accounting/81...
7 hrs
agree zsuzsa369 (X) : http://www.answers.com/topic/letter-of-representation?cat=bi...
9 hrs
agree Zsuzsanna Koos
13 hrs
agree Iosif JUHASZ
17 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "köszönöm szépen!"
22 hrs

Full Disclosure Certification

Under SOX 302 ( CEO/CFO Certification) CEOs and CFOs must certify their disclosure controls and procedures (DC&P) are effective in ensuring they receive information in sufficient time to determine its materiality and whether to disclose it to the public. This regulation has been in effect since July 30, 2002.

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