How does an auditor evaluate the unadjusted misstatement schedule (also called summary of possible misstatements) at the end of the audit engagement to assess whether the financial statements are fairly presented?

1. Explain the purpose of a client letter of representation. What types of information are normally included in the letter?
2. How does an auditor evaluate the unadjusted misstatement schedule (at the end of the audit engagement to assess whether the financial statements are fairly presented?