Engagement - new - [CPA Firm's Letterhead[Date[Client's...

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[CPA Firm's Letterhead] [Date] [Client's Name and Addressee We are pleased to confirm our understanding of the services we are to provide for [Client's Legal Name] for the [Period, Year, or Years] ended [Date(s)]. We will audit the balance sheet(s) of [Client) as of [Period or Year End(s)], and the related statements of income, retained earnings, and cash flows for the [Period, Year, or Years] then ended. Also, the document we submit to you will include the following additional information that will (will not) be subjected to the auditing procedures applied in our audit of the financial statements:] The objective of our audit is the expression of an opinion about whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles. Our audit will be conducted in accordance with U.S. generally accepted auditing standards and will include tests of your accounting records and other procedures we consider necessary to enable us to express such an opinion. If our opinion is other than unqualified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or to issue a report as a result of this engagement. Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected customers, creditors, and financial institutions. We will also request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry! At the conclusion of our audit, we will require certain written representations from you about the financial statements and related matters. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
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This note was uploaded on 05/06/2009 for the course ACCT ACCT2 taught by Professor Asifbashir during the Spring '08 term at Aarhus Universitet.

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Engagement - new - [CPA Firm's Letterhead[Date[Client's...

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