Let me illustrate using a practical example why an Audit - TopicsExpress



          

Let me illustrate using a practical example why an Audit Engagement Letter must be in writting and be explicit... My Family had a gathering a few weeks ago...We had hired someone to be our cameraman (motion and static)...In my first VERBAL meeting with him face to face,he mentioned that he would make me 12 COPIES of the DVD.... I assumed that he meant ORIGINAL COPIES which means each one would be engraved and it would have a cover...whilst what he actually meant was 12 COPIES made FROM THE ORIGINAL....which are Two different things-Meaning wise and monetary wise...Now we are fighting amongst ourselves... THE END... This was me trying to make better sense of my notes on Audit Engagement Letters and answering a Question as to why they have to be in writing...Indeed confusion can arise between the Audit Client and the Audit Firm if things are not in writing and are not explained clearly...
Posted on: Mon, 08 Sep 2014 06:54:48 +0000

Trending Topics



Recently Viewed Topics




© 2015