JICPA issues Law and Regulation Committee Research Report No. 14 "Illustrative Example for An engagement letter for audits and reviews"
JICPA issued, on March 30, 2012, the Law and Regulation Committee Research Report No. 14, "Illustrative Example for an Engagement Letter for Audits and Reviews."
The report was issued, through revising the Law and Regulation Committee Research Report No. 11, "An engagement letter for audits and reviews," with due consideration to the Quality Control Standards Committee Statement and Auditing Standards Committee Statements, newly redrafted along with the new drafting conventions, as well as the current practice of audits and reviews.
The revisions relate to the text for an engagement letter and audit and review agreements. Similarly, an illustrative example for the automatic renewal of an engagement letter has also been added to the new report.