Document background
The Forensic Audit Engagement Letter serves as the foundational document for initiating a forensic investigation in the Philippines. It is typically used when organizations require specialized investigative services for suspected fraud, financial irregularities, compliance violations, or in response to regulatory requirements. The document must comply with Philippine regulatory frameworks, including the Philippine Accountancy Act, Anti-Money Laundering Act, and relevant SEC regulations. It comprehensively outlines the investigation's scope, methodology, timeline, and deliverables, while establishing clear protocols for evidence handling, confidentiality, and potential legal proceedings. This engagement letter is crucial for defining the professional relationship between the forensic audit firm and the client, ensuring all parties understand their roles, responsibilities, and the investigation's parameters.
