If the assistance is not provided and the auditors must complete the work themselves, this section of the letter would provide justification for additional fees to the client. The letter should describe the assistance of client personnel. bank reconciliations) and retrieve documents from files. Description of any assistance to be provided by the client: Typically, the client’s personnel will prepare some schedules (e.g.Deadlines: This section lays out the estimated date of completion and release of the financial statements, as well as the general guidelines for the timing of the audit work.Constraints on the accounting firm: For example, timing of access to client facilities and accounting records may delay the engagement.Specification of the responsibilities of the auditor of the company: This section refers to the specific professional standards and responsibilities of the auditor.evaluation of internal control, preparation of regulatory reports) are also identified in this section. Other services that are planned for the audit (e.g. Provided in this section is a brief description of the nature of the particular service.
0 Comments
Leave a Reply. |