987 Communication with successor practitioner Predecessor practitioner's letter requesting a written communication from the successor practitioner concerning access to working papers For attention We have previously [reviewed], in accordance with International Standard on Review Engagements (ISRE) 2400 the February 28, 20XX, financial statements of ABC Company. In connection with your [review] of ABC Company's 20XX financial statements, you have requested access to our working papers prepared in connection with that engagement. ABC Company has authorized our firm to allow you to review those working papers. Our [review], and the working papers prepared in connection therewith, of ABC Company's financial statements were not planned or conducted in contemplation of your [review]. Therefore, items of possible interest to you may not have been specifically addressed. Our use of professional judgment for the purpose of this engagement means that matters may have existed that would have been assessed differently by you. We make no representation about the sufficiency or appropriateness of the information in our working papers for your purposes. We understand that the purpose of your review is to obtain information about ABC Company and our 20XX results to assist you in your 20XX engagement of ABC Company. For that purpose only, we will provide you access to our working papers that relate to that objective. Upon request, we will provide copies of those working papers that provide factual information about ABC Company. You agree to subject any such copies or information otherwise derived from our working papers to your normal policy for retention of working papers and protection of confidential client information. Furthermore, in the event of a third-party request for access to your working papers prepared in connection with your [reviews] of ABC Company, you agree to obtain our permission before voluntarily allowing any such access to our working papers or information otherwise derived from our working papers, and to obtain on our behalf any releases that you obtain from such third party. You agree to advise us promptly and provide us a copy of any summons, or other court order for access to your working papers that include copies of our working papers or information otherwise derived therefrom. Because your review of our working papers is undertaken solely for the purpose described above and may not entail a review of all our working papers, you agree that (1) the information obtained from the review will not be used by you for any other purposes, (2) you will not comment, orally or in writing, to anyone as a result of that review about whether our engagement was performed in accordance with International Standard on Review Engagements (ISRE) 2400, and (3) you will not provide expert testimony or litigation services or otherwise accept an engagement to comment on issues relating to the quality of our engagement.] Please confirm your agreement with the foregoing by signing and dating a copy of this letter and returning it to us. Very truly yours, Van Wyk Madray Review Methodology - July 2011 Page 1
987