ISAs(NZ) Agreeing the Terms of Audit Engagements provides guidance on the content of engagement letters and deals with the auditor’s responsibilities in agreeing the terms of the audit engagement with management.
You are required to :-
State the purpose of an engagement letter. ( 5 Marks)
List all the matters that included within this audit engagement letter.(8 Marks)
Why audit independence is important to an auditor? ( 3 Marks)
What are those threats to independence? ( 6 Marks)
What governed audito... More