Engagement Letter

This has to be submitted by person taking up the responsibility of creating XBRL Documents

Download Engagement Letter.docx

Sample - Same in the word file.

To,

The Board of Directors of ....... .....................  Company Limited,

You have requested that we convert the audited financial statements of ....... .. .. .......... Company Limited, which comprise the Balance Sheet as at March 31, 20XX, and the Statement of Profit & Loss, and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information to XBRL mode financial statements and also certify that these XBRL financial statements fairly present in all material respects, the audited financial statements of the company for the year ended March 31, 20XX, in accordance with the taxonomy specified by the Ministry of Corporate Affairs for filing of the financial statements in the XBRL mode. We are pleased to confirm our acceptance and our understanding of this certification engagement by means of this letter.

Our engagement will be conducted on the basis that the management acknowledges and understands that they have responsibility:

(a)  For the  preparation  of  XBRL financial  statements  in accordance with the taxonomy prescribed by the Ministry of Corporate Affairs. This includes:

·         ensuring   Completeness,   Accuracy,   Mapping  and Structure of these XBRL financial statements.

·         ensuring existence and operation of appropriate controls  over the process of conversion of audited financial statements to XBRL financial statements.

(b) To provide us with:

(i)           Audited financial statements of _____Company Limited, viz.

o   audited   Balance  Sheet  of Company Limited for the year ended March  31, 20XX;

o   audited Profit and Loss Account of Company Limited for the year ended March  31, 20XX;

o   audited Cash Flow Statement of              Company Limited for the year ended March  31, 20XX; and

o   audit report of  Company Limited for the year ended March 31, 20XX.

(ii)          Access, at all times, to all information, including the books, account, vouchers and other records and documentation, of the Company, whether kept at the head office of the  company or elsewhere, of which  [management] is aware that is relevant to the certification of XBRL mode financial statements;

(iii)         Additional   information   that   we   may   request  from [management] for the purpose of the certification; and

(iv) Unrestricted access to persons within the entity from whom  we determine it necessary to obtain evidence. This includes our entitlement to require from the officers of the Company such information and explanations as we may think necessary for the performance of the certification engagement.

We will conduct our certification in accordance with the Guidance Note on Certification of XBRL Financial Statements, issued by the Institute of Chartered Accountants of India (ICAI).

As part of our engagement, we will request from [management and,  where appropriate,  those charged with  governance], written confirmation concerning representations made to us in connection with the certification.

We look forward to full cooperation from your staff during our certification engagement. [Insert other information, such as fee arrangements, billings' and other specific terms, as appropriate.

Our certification does not constitute an audit conducted in accordance with the Standards on Audit issued by the Institute of Chartered Accountants of India. Accordingly, we will not express an opinion on the truth and fairness of the XBRL financial statements. Accordingly, as a part of our engagement we will also not perform procedures to verify the completeness and accuracy of the information provided by the management or such procedures as would enable us to express an opinion on the effectiveness of the design, implementation and monitoring of controls by the management over the preparation of XBRL financial statements. We will, however, bring to your attention any material errors in these XBRL financial statements of which we become aware during our certification process.

Upon completion of our engagement, we will provide you with the XBRL mode a certification on XBRL financial statements referred to above. A draft of the certificate is attached for your reference. The form and content of our certificate may need to be amended in the light of our findings.

Please sign and return the attached copy of this letter to indicate your acknowledgement of, and agreement with, the arrangements for our certification of the XBRL financial statements including our respective responsibilities. 

XYZ & Co.

Chartered Accountants

                (Signature)

Date :                                                                                                                                    (Name of the Member)

Place :                                                                                                                                                       (Designation)

Acknowledged on behalf of Company by

(Signature)

Name and Designation

Date