Hlo sir, audit engagement letter issue only in voluntary audit??

2 answers

Audit Staff October 5, 2017

No, it is also to be issued in case of statutory or mandatory audit.
It is specifically written in SA that if law prescribed premise on which audit is conducted and auditors responsibility then we should say that as prescribed under law and include only addl. responsibilities (if any)

Ravi Staff October 6, 2017

no it has to be issued in all audits, its importance is more in voluntary audits as no law is clarifying roles and responsibilities of auditor and management 


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