Description
Write a personal audit engagement letter. Instructions are attached.
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Explanation & Answer
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Surname 1
Student’s name
Professor’s name
Course title
Date of submission
FIRM NAME
Certified Public Accountants
24/4/2017
Jack Winston
Managing director
Xyz Company
Address 1
Address 2
Company city state
Dear Sir,
This letter confirms our understanding of the objectives and terms of our engagement as
well as the limitation and the nature of the services to be provided by us. This letter is aimed at
setting the basis of the auditor of the company and the areas of responsibility of the client and
our auditing company. This letter will apply in respect to the service and statutory audits for the
period that has ended from January 1st to December 31st, 2016 unless otherwise an agreed
Surname 2
decision is reached in writing and other works which are associated with any of the services
performed under this agreement.
The audit will be done on the basis in that the people who are in the management
understand and acknowledge the responsibilities they have which are to maintain proper
accounting records and prepare the financial statement which does give the accurate picture as
well as complying with the company’s act of 1963 to 2016. For fair presentation preparation of
the financial statement by generally accepted principle and the International Financial Reporting
Standards, the financial statement ought to give a fair view of the company affair and state which
regard to the profits and losses as at the end of the fiscal year. For the internal control as
determined by the management, it is essential so as to enable the preparation of financial
statements which are free from errors, mat...