Audit Engagement Letter Template - Examples Page 3
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14ISA 210
-
EXAMPLE OF AN AUDIT ENGAGEMENT LETTER
[The responsibilities of management and identification of the applicable financial reporting
framework (for purposes of this example it is assumed that the auditor has not determined that
the law or regulation prescribes those responsibilities in appropriate terms; the descriptions in
paragraph 6(b) of this ISA are therefore used).]
Our audit will be conducted on the basis that [management and, where
appropriate, those charged with governance] acknowledge and understand that
they have responsibility:
(a) For the preparation and fair presentation of the financial statements in
accordance with International Financial Reporting Standards;
(b) For such internal control as [management] determines is necessary to enable
the preparation of financial statements that are free from material misstatement,
whether due to fraud or error; and
(c) To provide us with:
(i) Access to all information of which [management] is aware that is
relevant to the preparation of the financial statements such as records,
documentation and other matters;
(ii) Additional information that we may request from [management] for the
purpose of the audit; and
(iii) Unrestricted access to persons within the entity from whom we
determine it necessary to obtain audit evidence.
As part of our audit process, we will request from [management and, where
appropriate, those charged with governance], written confirmation concerning
representations made to us in connection with the audit.
We look forward to full cooperation from your staff during our audit.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Letters