Relevance Of Commitment Letter For Related Services And Auditing Of Financial Statements

Mariana Rodica Tirlea ()

Knowledge Horizons - Economics, 2017, vol. 9, issue 1, 14-16

Abstract: The document called "letter of engagement" is addressed by representatives of the company audited financial auditor, in our case SC QACADEMICA LLC The purpose of this letter of commitment made by the auditor, is to confirm the mission of the audit on 31 December 2016 for the financial year ending on that date, in conjunction with: the acceptance of his appointment as financial auditor, defining the objective, browsing and applying specific tests and procedures that are required by the International standards on Auditing (ISA), applying the general principles of audit, essential procedures together with related guidance on the nature of explanatory notes and other annexes, clarifying the extent of commitment of the financial auditor, namely the delimitation of accountability of the financial auditor to the company and reasonable certification of the audited financial statements.

Keywords: financial audit; auditor; financial auditor commitment; the commitment letter; the general financial reporting; quality control. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2017
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