Audit Engagement Letter Sample
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What items are usually included in an effective engagement letter? Have you seen an engagement letter at your workplace or familiar with one and how are you involved in the process? Please find an engagement letter and comment on it.
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Solution Summary
Provides an effective audit engagement letter sample.
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The engagement letter is addressed to the client's audit committee with a purpose to provide a mutual understanding of the nature of the audit services to be performed, the timing of these services, the expected fees and the basis on which the client will be billed, the responsibilities of the auditor in searching for fraud, the client's responsibilities for preparing information for the audit, and the need for other services to be performed by the audit firm.
Example:
Mr. XXX, Chair, Audit ...
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