Compilation | 06.21 Compilation engagement letter

Published: 29/09/2020

Objective

The objective of this document is to assist the user to confirm the terms and conditions of the engagement with management and, where appropriate, those charged with governance. This document is an example of a compilation engagement letter for the compilation of general-purpose financial statements.

Format

This document is a letter and does not contain any tabs but is divided into different sections to enable you to clearly communicate all matters required.

Instructions

Column	Input required	Outcome
Letterhead space	You have to select the spacing for company letterheads at the top and bottom in the ‘drop down arrow’ next to the relevant header/footer.	Printing of the letter will start after the letterhead space you selected and if you selected the correct sizes it will not print over the company letterhead.
Date	The date should be changed to the date you agreed the terms of the engagement with the client.	The document will contain the correct information, which will serve as the effective date of your engagement by the client.
Client’s address	The address will pull through from document 01.20 Information store and can be overridden if required.	The document will contain the correct information.
Letter content	You have to customise the template content to best fit your client’s situation.	The contract with the client will be an accurate reflection of the client as well as depict an accurate understanding of the respective responsibilities.

Features

The following features are available in the document:

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Conclusion

You must conclude on this document only after the engagement partner has signed the document and you have received a signed copy back from the client.