CONTENTS

COMPILATION DETAILS

AUTHORITY STATEMENT

Paragraphs

Application.................................. 1-2

Operative Date................................ 3

Introduction.................................. 4-8

Audit Engagement Letters........................ 9

Principal Contents............................. 10-12

Auditor Independence........................... 13-14

Audits of Components........................... 15-17

Recurring Audits.............................. 18-19

Acceptance of a Change in the Terms of Engagement...... 20-29

Conformity with International Standards on Auditing...... 30

Appendix 1: Example of an Engagement Letter for a Financial Report Audit Engagement