Agreeing the Terms of Audit Engagements Auditing Help

In Pakistan, the scope of auditor’s obligations has been set out in the Companies Ordinance, 1984. Even in such cases, it is advisable to prepare an audit engagement letter.

Since the engagement letter is in the interest of both the auditor and the client, its contents should be discussed and agreed with the management before it is sent. In case of companies, the letter should be discussed with directors and chief executive.

Posted on November 2, 2015 in Agreeing the Terms of Audit Engagements

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