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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Dec 2007 Q 4A-Money laundering
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?
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
6 days and no response – I’m closing the thread