Sample of Engagement Letter
[This sample letter is for REFERENCE ONLY. IMC schools should also refer to EDBC No. 17/2008 on “Appointment of Auditors and Audit Engagement Letter” or its update.]
Sample Audit Engagement Letter (for REFERENCE ONLY)
Our Ref. :
Date :
The Incorporated Management Committee of
(name of IMC School) (“School”)
Dear Sirs,
|AUDIT ENGAGEMENT LETTER |
The purpose of this letter is to set out the basis on which we are to act as auditors of the IMC and the respective areas of responsibility of the Incorporated Management Committee (“IMC”) and of ourselves.
RESPONSIBILITIES OF INCORPORATED MANAGEMENT COMMITTEE AND AUDITORS
1.1 As IMC of the School, you are responsible under the Education Ordinance for maintaining proper books or records of accounts and other financial records. You are also responsible for preparing accounts which present fairly (see Note) the financial transactions and financial position of the IMC and for ensuring that the IMC has complied with the relevant provisions of the Education Ordinance, the Codes of Aid, the relevant letters, circulars and guidelines issued to the IMC by the Education Bureau (EDB), if any.
1.2 You are responsible for ensuring that the IMC has complied with laws and regulations, which are relevant to the operations of the IMC.
1.3 You are responsible for procuring your Managers to give us full co-operation to facilitate our audit work and for making available to us, as and when required, all the IMC’s books of account and all other relevant records and related information, including minutes of all meetings of the IMC.
1.4 We have a statutory responsibility under the Education Ordinance to report to the EDB whether in our opinion the accounts present fairly (see Note) the financial transactions and financial position of the IMC. In arriving at our opinion, we are required to consider the following matters, and to report on any in respect of
Sample Audit Engagement Letter (for REFERENCE ONLY)
Our Ref. :
Date :
The Incorporated Management Committee of
(name of IMC School) (“School”)
Dear Sirs,
|AUDIT ENGAGEMENT LETTER |
The purpose of this letter is to set out the basis on which we are to act as auditors of the IMC and the respective areas of responsibility of the Incorporated Management Committee (“IMC”) and of ourselves.
RESPONSIBILITIES OF INCORPORATED MANAGEMENT COMMITTEE AND AUDITORS
1.1 As IMC of the School, you are responsible under the Education Ordinance for maintaining proper books or records of accounts and other financial records. You are also responsible for preparing accounts which present fairly (see Note) the financial transactions and financial position of the IMC and for ensuring that the IMC has complied with the relevant provisions of the Education Ordinance, the Codes of Aid, the relevant letters, circulars and guidelines issued to the IMC by the Education Bureau (EDB), if any.
1.2 You are responsible for ensuring that the IMC has complied with laws and regulations, which are relevant to the operations of the IMC.
1.3 You are responsible for procuring your Managers to give us full co-operation to facilitate our audit work and for making available to us, as and when required, all the IMC’s books of account and all other relevant records and related information, including minutes of all meetings of the IMC.
1.4 We have a statutory responsibility under the Education Ordinance to report to the EDB whether in our opinion the accounts present fairly (see Note) the financial transactions and financial position of the IMC. In arriving at our opinion, we are required to consider the following matters, and to report on any in respect of