Contents of Engagement letter

1. Explanation of the audit – Explains to client what the audit involves.
2. Method to be used in the audit.
3. Has to highlight the legal framework for conducting the procurement audit.
4. Concept of audit evidence. Auditor will alert the client on how he intends to collect the audit evidence.
5. Procurement audit report to be issued by the auditor to disclose the weaknesses identified, findings of the audit and suggested measures/recommendations for improving the system.
6. The auditors respond with regard to detection, discovery of errors, frauds and any irregularities perpetuated.
7. Audit fees to be charged.

(Visited 97 times, 1 visits today)
Share this:

Written by