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Audit Services Agreement
Document Type
Microsoft Word (Editable)
Pages
3
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Document Overview
An Audit Services Agreement is a formal, legally binding contract between a client (such as a company, NGO, or institution) and a licensed auditor or audit firm that defines the terms under which an independent audit of the client’s financial records will be conducted.
Key Components of an Audit Services Agreement:
1. Parties to the Agreement
2. Engagement Purpose
3. Scope of Work
4. Duration and Deadlines
5. Audit Fees and Payment Terms
6. Client Responsibilities
7. Confidentiality Clause
8. Limitation of Liability
9. Termination Clause
10. Dispute Resolution Mechanism
11. Governing Law
12. Signatures
Purpose of an Audit Services Agreement:
1. Clarify Scope and Responsibilities.
2. Ensure Regulatory Compliance.
3. Protect Independence and Professional Integrity.
4. Manage Risk and Liability.
5. Define Payment Terms and Deliverables.
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