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engagement letter drafting

Auditing

madam, but shouldnt the engagement letter be drafted by the auditor? and if there is some discrepancy isnt that the fault of the auditor??here in this question it is said that the engagement letter has been issued by mea limited . Video Details P5 Auditing and Code of Ethics (New) SA 210 - Agreeing terms of Audit Engagement 10. Question #. RTP Nov 2020

aravind lalji

CA Inter

★ 0

08-May-24 11:19

Answers (1)

Appointment letter is issued by management, n engagement by auditor. In practicality it’s management who drafts. But before acceptance auditor should be sure about the content there in. Otherwise he will be guilty of professional misconduct