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Letter Of Engagement On The Client Metal Ltd

551 Words3 Pages

Since the team has now established that we willing to take on the client Metal Ltd, based on our extensive research that has been done and background checks on the client. We now know that we have the skills and knowledge to complete the task. We have come to the conclusion that we willing to accept the offer to engage. The team will now draw up the letter of engagement on our companies letterhead to the company that will inform them that we accept the task, this engagement letter will serve as a contractual agreement between our firm and client, that will stipulate the details of the audit and clarify each step of the audit process, so that there will be no misunderstanding between the client and our audit firm. Here is a brief understanding of the engagement letter it will …show more content…

Anonymous. (2010). Ethical Standards for Auditors. [Online]. Available from: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-for-auditors/2010-Ethical-standards-for-auditors.aspx. (Accessed on 10 May 2017). 4. Anonymous. (2017).Planning an audit-aicpa. [Online], Available from: http://www.aicpa.org>au-c-00300.html. (Accessed on 05 May 2017). 5. Bapela, K. (2015).Auditing –Endunamoo School of accounting. [Online], Available from: http://www.endunamoo.co.za>2015/12pre-engagementactivites. (Accessed on 05 May 2017). 6. Bcauditor.com. (2017). 1. Pre-Engagement Procedures | Auditor General of British Columbia. [online] Available at: http://www.bcauditor.com/about-us/what-we-do/financial-audits/audit-process/i-pre-engagement-procedures [Accessed 5 May 2017). 7. Bcauditor.com. (2017). 1. Pre-Engagement Procedures | Auditor General of British Columbia. [online] Available at: http://www.bcauditor.com/about-us/what-we-do/financial-audits/audit-process/i-pre-engagement-procedures (Accessed 5 May 2017). 8. Marx, Schonfeldt, van der watt, van Dyk, Mare and Ramuedzisi, (2011). Fundamentals of auditing, fifth editions, Johannesburg.

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