When you need it
Engagement terms for a statutory audit, per SA 210 practice. Used routinely by chartered accountants and audit firms. The client is picked from your Client Master and their details fill in automatically.
Preview of the format
Highlighted fields are variables - DocMold fills them in for each client. Formatting in the real .docx is preserved exactly.
AUDIT ENGAGEMENT LETTER
Date: Date
To,
Client name
Client full address
Dear Sir/Madam,
We refer to your letter appointing us as statutory auditors of Client name for the financial year Financial year. We are pleased to confirm our acceptance and set out below the terms of our engagement.
We will conduct our audit of the financial statements in accordance with the Standards on Auditing issued by the ICAI, with the objective of expressing an opinion on the financial statements. Because of the inherent limitations of an audit, an unavoidable risk remains that some material misstatements may not be detected.
The preparation of financial statements and maintenance of adequate accounting records is the responsibility of the management of Client name. Our fee for the engagement shall be Rs. Fee amount plus applicable taxes and out-of-pocket expenses.
Kindly sign and return the duplicate copy of this letter in token of your acceptance.
Yours faithfully,
For Firm name
_______________________
Firm contact person
Authorised Signatory
Firm full address
Email: Firm email Phone: Firm phone