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What does this mean and why should this be recorded in Audit Engagement Letter i.e. in advance before even starting an audit

" reference to the expected form and content of any reports to be issued by the auditor" What does expected form and content mean? If auditor is execting issue a qualified/unqualified report. Such thing? Why should such a thing be stated in advance (before even performing Audit procedures) in the AEL?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

02-Dec-20 09:36

10

Answers (3)

Best Answer

I guess this point is for those entities for whom audit is not required by law , that is voluntary audit , Therefore the rules are not very strict , and auditor may give just a reference of the type of report to be issued


Rajath Tumma

Rajath Tumma

CA Inter

2K+

02-Dec-20 12:13