Hi Kim,
May i understand if i got this correct.
Audit firm will be the one sending the tender document (purpose is to explain about the firm's service ) to the new client, and then if that new client accepts it, then audit firm will have to prepare engagement letter
is it correct ?
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tender document and engagement letter
7y ago#1Yes - a tender is just a proposal/proposition "offer" - if the client accepts it there is a contract which is legally formalised in the engagement letter,
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