Audit Engagement Letter Template - Examples Page 11
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14APPENDIX III
ANNEX D [Source: ACCA technical factsheet 64]
EXAMPLE - A TAX CONSULTANCY ENGAGEMENT LETTER (INCLUDING A TAX
INVESTIGATION)
This letter must be tailored to meet specific circumstances. Where this is a separate
engagement for an existing client, reference can be made to the original engagement letter in
relation to the terms.
Dear [complete]
Tax Consultancy (Including a Tax Investigation): Terms of Engagement
1 INTRODUCTION
1.1 This letter sets out the basis on which we are to act for you in relation to [complete].
SCOPE
2 OUR SERVICE TO YOU
2.1 [Either]
We will prepare a report on the matters in relation to which you have instructed us.
[or]
[We will carry out such work as we consider necessary in order to put ourselves in a position to
provide a full and accurate response to the matters under enquiry.]
[We will conduct a detailed investigation of your affairs so that we are in a position to prepare a
report for the Inland Revenue setting out your financial affairs. This will include the preparation
of capital statements and the reconciliation of your assets and liabilities.]
3 YOUR RESPONSIBILITIES: PROVISION OF INFORMATION BY YOU
3.1 [Either]
You agree to give us access to full information about your tax affairs and the matters on which
you have asked us to advise you.
[or]
To enable us to carry out our work you agree to provide us with full and accurate information
regarding the matters under [enquiry/investigation]. In particular you agree that our work is to
be carried out on the basis of full disclosure of relevant matters.
3.2 You agree that we can approach third parties as may be appropriate for information that we
consider necessary to deal with your affairs.
TERMS
4 Professional Rules and Practice Guidelines
4.1 We will observe the ethical guidelines of the ICAJ and accept instructions to act for you on
the basis that we will act in accordance with those guidelines. In particular you give us authority
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