This audit contract template has 4 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our audit contract template:
AUDIT AGREEMENT This Audit Agreement (the "Agreement") is entered into effect as of [DATE], BETWEEN: [CLIENT NAME], ("Client"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [AUDIT FIRM NAME], ("Audit Firm") a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Client desires to engage the Audit Firm to perform an audit of its financial statements in accordance with applicable auditing standards and regulations; WHEREAS, the Audit Firm possesses the necessary expertise, experience, and resources to conduct such an audit; WHEREAS, the Parties desire to enter into an Agreement to define the terms and conditions of the audit engagement; NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows: SCOPE OF SERVICES 1.1 Audit Services: The Audit Firm shall perform an audit of the financial statements of the Client for the fiscal year ending [DATE]. The scope of the audit shall be in accordance with generally accepted auditing standards and applicable regulations. 1.2 Deliverables: The Audit Firm shall provide the following deliverables: Audit planning and risk assessment documentation Audit fieldwork documentation, including working papers and audit procedures Audit report expressing an opinion on the fair presentation of the financial statements 1.3 Access to Information: The Client shall provide the Audit Firm with access to all relevant financial records, books, accounts, supporting documentation, and other information necessary to perform the audit. The Client shall also provide reasonable assistance and cooperation to the Audit Firm during the audit engagement. TIMELINE AND REPORTING 2.1 Timeline: The Audit Firm shall commence the audit promptly after the execution of this Agreement. The Parties shall agree upon a timeline for the completion of various audit stages, including the submission of draft and final audit reports. 2.2 Audit Report: Upon completion of the audit, the Audit Firm shall issue an audit report expressing an opinion on the fair presentation of the financial statements. The audit report shall be provided to the Client within [NUMBER OF DAYS] days after the completion of the audit fieldwork. PROFESSIONAL STANDARDS AND INDEPENDENCE 3.1 Compliance: The Audit Firm shall perform the audit services in accordance with generally accepted auditing standards, applicable regulations, and professional ethics, including independence requirements. 3.2 Independence: The Audit Firm represents and warrants that it is independent from the Client and has no financial, business, or personal relationships that could impair its objectivity or independence in performing the audit. FEES AND PAYMENT 4.1 Fees: The Client shall pay the Audit Firm fees for the audit services, as specified in Exhibit A attached hereto
