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The Engagement Letter For Preparation Of Financial Statements is a crucial document used in Singapore's professional accounting services industry. It establishes the professional relationship between an accounting firm and its client, clearly defining the scope of financial statement preparation services. This document is essential when a company requires professional assistance in preparing financial statements in accordance with Singapore Financial Reporting Standards and regulatory requirements. It serves as a formal agreement that protects both parties by clearly outlining responsibilities, deliverables, and terms of service while ensuring compliance with Singapore's regulatory framework.

1. Addressee Details: Full name and address of the client entity including date and reference number

2. Scope of Services: Detailed description of financial statement preparation services to be provided, including applicable accounting standards and reporting periods

3. Professional Standards Reference: Statement of applicable professional standards being followed, including SSRS 4410 and relevant SFRS requirements

4. Management Responsibilities: Clear outline of client's responsibilities including provision of accurate information, internal controls, and compliance with applicable laws

5. Our Responsibilities: Detailed description of the firm's responsibilities in preparing the financial statements and limitations of the engagement

6. Fee Structure: Details of fees, payment terms, billing arrangements and basis for fee calculations

7. Confidentiality Commitment: Statement regarding confidentiality obligations and compliance with PDPA requirements

8. Acknowledgment: Signature blocks for client acceptance and acknowledgment of terms