Stephen Hu$,$ CPA, from Taipei, Taiwan, has just accepted a new client, Kiwan You, The company will be audited under the ISA and IAS standards. The client will be given an audit opinion and a management letter. The fees are based on hourly fees, the audit will take $125$ hours, and will involve one senior $(3,500$ per hour$),$ two staff auditors $(2,800$ per hour$),$ and a partner $(5,000$ per hour$),$ The payments will be $33$ percent at the beginning of the audit with the balance at the end of the audit.Required:Based on the above information, write an engagement letter to Kiwan Xou from Steven Hu$.$