Finance · India
CA Engagement Letter (GST/Tax Audit)
ENGAGEMENT LETTER FOR TAX AUDIT UNDER SECTION 44AB
Date: [DATE]
To,
The Board of Directors,
[CLIENT_COMPANY_NAME]
[CLIENT_ADDRESS]
Subject: Engagement Letter for Tax Audit under section 44AB of the Income-tax Act, 1961 for the Financial Year [FINANCIAL_YEAR].
Dear Sir/Madam,
We are pleased to confirm our acceptance and our understanding of this engagement to conduct a Tax Audit under section 44AB of the Income-tax Act, 1961 (the "Act") of [CLIENT_COMPANY_NAME] for the financial year ended 31st March [YEAR].
1. Objective and Scope of Audit. The objective of our audit is to express an opinion on the particulars required to be furnished under section 44AB of the Act in Form No. 3CD, and to issue the audit report in Form No. 3CA/3CB. Our audit will be conducted in accordance with the auditing standards generally accepted in India and the Guidance Note on Tax Audit issued by the Institute of Chartered Accountants of India (ICAI).
2. Management's Responsibilities. The management is responsible for the preparation and fair presentation of the financial statements, and for maintaining adequate accounting records and internal controls. The management is also responsible for the preparation of Form No. 3CD and ensuring that the particulars furnished therein are true and correct.
3. Auditor's Responsibilities. Our responsibility is to express an opinion on the financial statements and to verify the particulars in Form No. 3CD based on our audit. We will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement and whether the particulars in Form No. 3CD are correct.
4. Inherent Limitations. Because of the inherent limitations of an audit, including the possibility of collusion or improper management override of controls, there is an unavoidable risk that material misstatements may not be detected, even though the audit is properly planned and performed in accordance with auditing standards.
5. Fees. Our fees for this engagement will be ₹[FEE_AMOUNT], plus applicable taxes. Out-of-pocket expenses incurred in connection with the audit will be billed separately.
Please sign and return the enclosed copy of this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit.
Yours faithfully,
For [CA_FIRM_NAME]
Chartered Accountants
[CA_NAME]
Partner
Membership No: [MEMBERSHIP_NO]
Acknowledged and agreed on behalf of [CLIENT_COMPANY_NAME]:
Signature: ______________________
Name: __________________________
Designation: _____________________
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