Engagement Letter For Statutory Audit In Wayne
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Dear Sir/Madam, I/We hereby give my/our consent to be appointed as statutory auditor(s) of ________________________________ (Name of the company). I/We hereby declare that I/we am/are eligible to accept the statutory audit of your company as per section 141(1) of the Companies Act 2013.
Your designated audit firm will prepare the specific terms of engagement using the appropriate AICPA-issued engagement letter template. It should be noted that there are many terms for audit engagements that are deemed required by the AICPA and therefore unable to be negotiated.
In case of Government Companies, the first auditor would be appointed by the Auditor-General of India and Comptroller within 60 days from the date of registration of the company and in case the Auditor-General of India and Comptroller does not appoint such auditor within the said term period, the Board of Directors of ...
Date: ……………. Partners. Name of the firm ... For the year ended …………… ………. We are pleased to inform you that, name of the firm Chartered Accountants, has been appointed as auditors of ………….. Thanking You. Yours faithfully.
“RESOVLED THAT pursuant to the provisions of Section 139 of the Companies Act, 2013 and all other applicable provisions, together read with Companies Audit and Auditors Rules 2014 , M/s _______________________ Chartered Accountants (FRN:_______________) be and are hereby appointed as the Statutory auditors of the ...
Dear Sir/Madam, I/We hereby give my/our consent to be appointed as statutory auditor(s) of ________________________________ (Name of the company). I/We hereby declare that I/we am/are eligible to accept the statutory audit of your company as per section 141(1) of the Companies Act 2013.
Statutory Audit: The statutory audit must be done before the AGM of the company is conducted. The statutory auditor needs to submit the audit report to the board before the conduct of AGM. The audit report should be attached with the company's financial statements and filed with the ROC.
Who Prepares a Letter of Engagement? An engagement letter is drafted by the company rendering the service, often with the help of a lawyer. It is than presented to the client, and both parties must sign in order for it to be legally binding.
The Standard on Auditing (SA) 210, “Terms of Audit Engagement” was issued with a view to establish standards on: (a) agreeing the terms of the engagement with the client; and (b) the auditor's response to a request by a client to change the terms of an engagement to one that provides a lower level of assurance.
The internal auditor and the auditee should agree on the terms of the engagement before commencement. The agreed terms would need to be recorded in an engagement letter.
