Letter Relating to Auditors

Letter Relating to Auditors

• Offer Letter:

Written by the business management to the auditor after informal meeting offering the job of audit in business.

•  Consent Letter:

Written by the Auditors to the business management answering the offer letter with consent to work.

•  Appointment Letter:

Written by the management to Auditor informing the completion of legal procedure for appointment carried out by the business authorities.

or SECP when its appoint the auditor.

•  Engagement Letter:

Written by the Auditors after receiving the appointment letter informing the business management about scope of audit & management responsibilities regarding proper internal control working & reply of  ICQ.

•  Weakness Letter:

Written by the Auditors during continue audit after submitting the audit report to inform the business management for improvement in their internal control. It is also called post audit letter.

•  Letter to Bankers, Legal advisor, Third party, Debtors & Creditors:

Written by the auditors send through the business for confirmation certain balances, or any other information regarding legal cases pending against the business their possible effect (To be more inform about contingent Assets & Liabilities.

• Communication Letter:

It is sent by the new auditors to the removed auditors asking about the professional reason for this removal or no objection for the new auditors to accept the assignment.