The Directors of Aquatic Fabrications Ltd based in Milton Keynes have asked your firm to act as the companys statutory auditor for the next financial year with a possibility of extension. The existing auditors - Morrison &Co has been auditing Aquatic Fabrications for the past six years but the relations in recent years has come under strain. The Directors intend to ask Morrison & Co to resign as they say they do not provide a cost-effective service.

Required:

Briefly describe the ANY SIX (6) main contents of a letter of engagement which you should send to the directors of Aquatic Fabrications before the commencement of the audit assignment.