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Lecture 1 Audit Engement Letter
Lecture 1 Audit Engement Letter
The following factors may make it appropriate to revise the terms of the audit
engagement or a new letter of engagement:
Any indication that the entity misunderstands the objective and scope
of the audit.
Any revised or special terms of the audit engagement.
A recent change of senior management.
A significant change in ownership.
A significant change in nature or size of the entity’s business.
A change in legal or regulatory requirements.
A change in the financial reporting framework adopted in the
preparation of the financial statements.
A change in other reporting requirements.
Sample Audit Engagement Letter
Ethical Clearance
Ethical Clearance