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Date Mr. XYZ Board of Directors ABC Company Associated House, Floor No. Z XYZ Road Lahore. XYZ Company Letter of Audit Engagement Dear Sir, Following our appointment as auditors of your company, we set out below our responsibilities as auditors and our understanding of engagement through this letter. Our foundation as auditors under the Companies Ordinance 1984 is to examine the financial statements presented to us by the directors with the objective of expressing on opinion on such financial statements. We shall, as required by law, report to the members whether in our opinion the financial statements of the Company which we have audited give a true and fair view of the state of the Companys affairs at the date of the balance sheet, and of the profit or loss and cash flow statement of the year then ended, and whether those financial statements comply with the Companies ordinance, 1984. In arriving at our opinion we are required to consider the following matters but only to report on any in respect of which we are not satisfied: Whether proper books of account have been kept by the Company and proper returns adequate for our audit have been received form branches not visited by us; Whether the Companys balance sheet and profit and loss account are in agreement with the books of account and returns; Whether we have obtained all the information and explanations which we think necessary for the purpose of our audit. Specimen -
We will plan and perform audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.