Audit Inquiry Letter Sample Template with Examples in PDF and Word

The third party can be a customer, vendor, bank, or other entity that has a relationship with the client. The Audit Inquiry Letter is a standard procedure in the audit process, and it is required by auditing standards. It is a crucial step for auditors to obtain reliable and relevant information to support their audit opinions. 

The letter typically includes the following components: 

Introduction: This section provides information about the purpose of the letter, the auditor’s relationship with the client, and the scope of the audit. 

Request for information: This section requests specific information related to the client’s financial statements, such as accounts receivable, accounts payable, bank balances, and loans. The auditor may also request information about legal or other contingencies. 

Response deadline: This section sets a deadline for the third party to respond to the request for information. 

Confidentiality statement: This section informs the third party that the information provided will be kept confidential and will only be used for audit purposes. 

Acknowledgment: This section requires the third party to acknowledge receipt of the inquiry letter and to indicate whether they are aware of any misstatements or omissions in the client’s financial statements. 

The audit letter of inquiry is an important tool for auditors to gather evidence about a client’s financial statements. It helps auditors to verify the accuracy and completeness of the financial information presented by the client. 

Sample Audit Inquiry Letter Template with Examples 

A letter is a crucial aspect of the auditing process. It is an official communication between auditors and their clients, which helps in gathering necessary information about the client’s financial activities. However, drafting an audit inquiry letter can be time-consuming and requires expertise in legal writing. That’s where templatediy comes to your rescue!  

At templatediy, you can purchase a letter template that has been professionally designed by experts in the field of auditing. The template includes all the essential components required for drafting a comprehensive audit inquiry letter that meets all legal and professional standards. With this template, you no longer must worry about spending hours crafting a customized letter from scratch.