Document background
The Assurance Engagement Letter is a crucial document used when a professional services firm is engaged to provide independent assurance services in Malaysia. It sets out the fundamental terms of the professional relationship, including the scope of work, methodology, deliverables, and fee arrangements. The letter must comply with Malaysian regulatory requirements, including the Companies Act 2016, Accountants Act 1967, and professional standards adopted by the Malaysian Institute of Accountants. This document is particularly important as it establishes clear expectations, helps prevent misunderstandings, and provides a framework for the delivery of professional services while ensuring compliance with relevant ethical and professional requirements. The Assurance Engagement Letter typically precedes any substantive work and serves as the primary reference point for the terms of engagement throughout the project.
