The engagement letter serves as the initial communication and a foundational document for the audit process. It sets the stage for the upcoming audit by:
Establishing the Basic Framework: It acts as an "opening statement" for the audit, conveying essential information to the auditee before any direct, face-to-face communication begins.
Setting Expectations: The letter typically outlines the audit's purpose, scope, anticipated timeline, the audit team members (at least the lead auditor), and initial requests for assistance and resources from the auditee. This helps the auditee prepare and understand what to expect.
Scheduling the Next Steps: Most directly, it proposes or confirms the time and method for the initial meeting with the auditee (e.g., the opening meeting or preliminary interviews).
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ROCTW
3 weeks, 6 days ago