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Dec 2007 Q 4A-Money laundering

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Dec 2007 Q 4A-Money laundering

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • May 16, 2018 at 4:01 am #452199
    nari
    Member
    • Topics: 259
    • Replies: 175
    • ☆☆☆

    Hello MIke

    The answer mentions:

    “Best practice recommends that the engagement letter should also include a paragraph outlining the auditor’s responsibilities in relation to money laundering”

    Can you please tell me, what should be included and where in the engagement letter?

    May 16, 2018 at 6:35 am #452206
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23352
    • ☆☆☆☆☆

    Below is the link to the specimen engagement letter used by Sanders Chartered Accountants of Baker Street London

    Section 8 of that letter covers the auditors’ responsibilities and proposed action in the event of a suspicion of money laundering

    Will that do?

    https://www.sandersgroup.co.uk/wp-content/uploads/2015/07/Sanders-Terms-of-business-2017-.pdf

    May 23, 2018 at 5:30 am #453475
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23352
    • ☆☆☆☆☆

    6 days and no response – I’m closing the thread

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Dec 2007 Q 4A-Money laundering’ is closed to new replies.

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