Page 50 - AA Integrated Workbook STUDENT 2018-19
P. 50

Chapter 4




               2.4 Engagement letters

                    The engagement letter specifies the nature of the contract between the audit
                     firm and client.


                    The engagement letter must be signed before the audit commences.




                                               Engagement letter




                                   Purpose                             Main contents

















                                                                     Additional contents

                                                                       Basis of fees

                                                                       Reference to
                                                                        professional
                                                                        standards


                                                                       Need for a written

                                                                        representation letter

                                                                       Limitations of an audit














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