Nicholas Doulas, the partner-in-charge of the Fairfax Financial Holdings audit wrote a management representation letter. It would have included

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A management representation letter is a document signed by a company's management to confirm the accuracy of the financial statements and to provide additional information supporting the audit. In this case, both options A and B are commonly included in management representation letters. Option A ensures that any verbal representations made by the management are documented in writing to avoid future misunderstandings or misinterpretations. Option B provides a representation that there have been no material frauds or errors that management is aware of. Therefore, both options A and B are included in the management representation letter, making choice C the correct answer.

Nicholas Doulas, the Partner-In-Charge of the Fairfax Financial Holdings Audit