22 November, 2005
Sample Sdn Bhd,
QUOTATION FOR AUDIT SERVICES
The above matter is referred. We would firstly express our gratitude for giving us opportunity to serve your company.
The philosophy of our firm is to provide the maximum in client service and individual staff capabilities at the minimum cost, which can be achieved within the highest professional standards and competence levels.
Our fees are based on the standard minimum audit fee prescribed by the Malaysian Institute of Accountant (Appendix) and the degree of responsibility, skill involved and the time required to complete the audit work. The proposed fees exclude out-of pocket expenses and 5% government service tax.
Our fees are arrived at based on the following assumptions:
•The accounts and relevant source documents are made available to us in accordance with the timetable to be mutually agreed.
•We will obtain the necessary cooperation and assistance from the relevant staff and subsidiaries.
•Books and records are properly kept and updated at all time.
Should we anticipate that additional work would be required in relation to the investigative audit, we will inform and agree with you accordingly prior to incurring any additional costs. Out-of-pocket expenses will be billed on an incurred basis. Our fees have excluded the cost associated with the above.
If you should require further information, please do not hesitate to contact us.