Audit Engagement Letter - CPA
Audit Engagement Letter - CPA
As part of our engagement for the year ending DECEMBER 30, 2010, we will review the federal
and state income tax returns for GRACE CORPORATION.
Further, we will be available during the year to consult with you on the tax effects of any
proposed transactions or contemplated changes in business policies.
Assistance to be supplied by your personnel, including the preparation of schedules and analyses
of accounts, is described in a separate attachment. Timely completion of this work will facilitate
the completion of our audit.
Our fees will be billed as work progresses and are based on the amount of time required plus outof-pocket expenses. Invoices are payable upon presentation. We will notify you immediately of
any circumstances we encounter that could significantly affect our initial estimate of total fees,
which will range from P_________ to P ___________.
The working papers for this engagement are the property of CARINGAL, MA. ANA KRISTEL
and constitute confidential information. However, we may be requested to make certain working
papers available to BUREAU OF INTERNAL REVENUE pursuant to authority given to it by
law or regulation. If requested, access to such working papers will be provided under the
supervision of CARINGAL, MA. ANA KRISTEL personnel. Furthermore, upon request, we
may provide photocopies of selected working papers to BUREAU OF INTERNAL REVENUE.
The BUREAU OF INTERNAL REVENUE may intend, or decide, to distribute the photocopies
or information contained therein to others, including governmental agencies.
If this letter correctly expresses your understanding, please sign the enclosed copy where
indicated and return it to us.
We appreciate the opportunity to serve you and trust that our association will be a long and
pleasant one.
Sincerely,
FIRM NAME
______________________________
[Engagement Partner's Signature]
Accepted and agreed to:
______________________________
[Client Representative's Signature]
______________________________
[Title]
______________________________
[Date]