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EngagementLetter.docxBCA Watson Rice LLC Certified Public Accountant Firm
4550 Forbes Boulevard, Lanham, MD 20706
Macro Appliance LTD
November 27th, 2019
Dear Sirs/Madam,
The main purpose of this letter is to outline that BCA Watson Rice LLC will act as external auditors for Macro Appliance. To provide statutory external audit services to the financial statements for Macro Appliance in accordance with the regulation and standard body guidance. This letter outlines the responsibility, framework, content, timing and fee cover during this engagement which both parties are required to uphold.
Auditor's responsibilities
This audit must be conducted base on the General Acceptable Auditing Standards. To provide an opinion as to whether Macro Appliance financial statements are free and fair from material misstatements and prepared in accordance with the General Acceptable Auditing Standards (GAAS). According to the Public Company Accounting Oversight Board, auditors are responsible for the planning and conducting an independent audit to obtain reasonable evidence that the financial statements are free from error or fraud and also examine if there exist and maintain appropriate internal controls. Auditors are also responsible to provide reasonable assurance to members and stakeholders the following: (1) If accurate accounting records exist, and whether the auditors have obtained and examine all the information accurate for the audit. (2) If the financial statements agree and is in consistent with the existing records and information provided by managements. (3) Whether there is any material error, fraud or misstatements at the balance sheet date that would require member’s attention and may affect stakeholder’s decision if not address and made public.
Audit works, reports, opinion and any matters arising would be made available only to Macro Appliance members and would not assume any responsibility to anyone other than the company members. Based on the company act 1990 section 202, Macro would be notifying if there exist any contravening opinion in relations to accounting records and maintenances. We also have a statutory responsibility to report to the company law enforcement act, criminal justice and any related regulatory body of the existence of any matter of concern.
Management's responsibilities
Managers are entirely responsible for keeping and maintaining appropriate accounting records and internal controls. Ensure that the financial statements are prepared truly and fairly in accordance with the General Accepted Accounting Practice (GAAP), International Financial Reporting Standards (IFRS), and Company Acts. Management is responsible to provide auditor access to all accounting and information needed throughout the audit. Management is also responsible to ensure that all adjustment have been handle and corrected with necessary disclosure in place.
Fees and timing: - Fees negotiated are based on standard administrative fee with any additional cost or extended time spend on administering the audit. Once this audit is initiated, this letter remains valid and effective until replaced or terminated. Please kindly review and signed this letter and notify us should further explanation needed.
BCA Watson Rice
(Your law firm name)
(Your name)
Macro Appliance……
(Client name) Date
November 27, 2019
BCA Watson Rice LLC
Certified Public Accountant
Firm
4550 Forbes Boulevard, Lanham, MD 20706
Macro Appliance LTD
November
27
th
,
2019
Dear Sirs
/Madam
,
T
he ma
i
n purpose
of this letter is
to
outline that
BCA Watson Rice LLC will
act as
external auditors for Macro
Appliance. To provide statutory external audit services
to the
financial statements
for
Macro Appliance
in accordance with the regulation and standard body
guidance. This letter outlines the responsibility, framework, content, timing and fee cover during
t
his engagement which both parties are required to uphold.
A
uditor's responsibilities
This audit must be conducted base on t
he General Acceptable Auditing S
tandards. To
provide an opinion as to whether Macro Appliance financial statement
s
are free and fair from
material misstatements and p
repared in accordance with the General Acceptable Auditing
S
tandards (GAAS). According to the Public Company Accounting Oversight Board, auditors are
responsible for the planning and conducting an indepen
dent audit to obtain reasonable evidence
that the financial statements are free from error or fraud and also examine if there exist and
maintain appropriate internal controls. Auditors are
also
responsible to provide reasonable
assurance to
members
and sta
keholders the following:
(1)
If accurate accounting records exist,
and whether the auditors have obtained and examine all the information accurate for the audit.
(2)
If the financial statements
agree
and is in consistent with the existing records and infor
mation
provided by managements.
(3)
Whether there is any material error, fraud or misstatements at the
balance sheet date that would require member’s attention and may affect stakeholder’s decision
if not address and made public.
BCA Watson Rice LLC Certified Public Accountant Firm
4550 Forbes Boulevard, Lanham, MD 20706
Macro Appliance LTD
November 27
th
, 2019
Dear Sirs/Madam,
The main purpose of this letter is to outline that BCA Watson Rice LLC will act as
external auditors for Macro Appliance. To provide statutory external audit services to the
financial statements for Macro Appliance in accordance with the regulation and standard body
guidance. This letter outlines the responsibility, framework, content, timing and fee cover during
this engagement which both parties are required to uphold.
Auditor's responsibilities
This audit must be conducted base on the General Acceptable Auditing Standards. To
provide an opinion as to whether Macro Appliance financial statements are free and fair from
material misstatements and prepared in accordance with the General Acceptable Auditing
Standards (GAAS). According to the Public Company Accounting Oversight Board, auditors are
responsible for the planning and conducting an independent audit to obtain reasonable evidence
that the financial statements are free from error or fraud and also examine if there exist and
maintain appropriate internal controls. Auditors are also responsible to provide reasonable
assurance to members and stakeholders the following: (1) If accurate accounting records exist,
and whether the auditors have obtained and examine all the information accurate for the audit.
(2) If the financial statements agree and is in consistent with the existing records and information
provided by managements. (3) Whether there is any material error, fraud or misstatements at the
balance sheet date that would require member’s attention and may affect stakeholder’s decision
if not address and made public.
