sample engagement letter

sample engagement letter - Letter 1 Example: Audit...

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Letter 1 Example: Audit Engagement Letter This example letter is reprinted from the ISA “Terms of Audit Engagements”. The content may be modified to meet the needs of the auditor and/or client. Some suggestions for additional factors that the auditor may want to consider are written in [ italic print ]. To the Board of Directors (or the appropriate representative of senior management) of ABC Company: You have requested that we audit the balance sheet of ABC Company as of December 31, 200X, and the related statements of income and cash flows for the year then ended. We are pleased to confirm our acceptance and our understanding of this engagement by means of this letter. Our audit will be made with the objective of our expressing an opinion on the financial statements. We will conduct our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Because of the test nature and other inherent limitations of an audit, together with the
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This note was uploaded on 03/19/2012 for the course ACCT 350 taught by Professor Kamranyousafi during the Spring '12 term at Alvin CC.

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sample engagement letter - Letter 1 Example: Audit...

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