��������Ƶ

The Auditor Termination Letter is a crucial document used when a company in the Philippines decides to end its professional relationship with its external auditor. This document must comply with the Corporation Code of the Philippines, the Securities Regulation Code, and relevant SEC regulations. It is typically required when changing auditors, addressing independence concerns, or implementing corporate governance changes. The letter must include specific elements such as the termination date, reason for termination (if required), transition arrangements, and any regulatory disclosures, particularly for listed companies. The document serves as official notification to the audit firm and may need to be filed with regulatory bodies, making it an important corporate record subject to Philippine jurisdiction.

1. Letter Header: Company letterhead, date, and formal addressing to the audit firm's senior partner or appropriate representative

2. Reference Line: Clear subject line indicating this is regarding the termination of audit services

3. Opening Statement: Formal introduction and reference to the existing audit engagement

4. Notice of Termination: Clear statement of the decision to terminate the audit services

5. Effective Date: Specific date when the termination becomes effective

6. Reason for Termination: Professional explanation of the termination decision (if appropriate and required)

7. Outstanding Matters: Discussion of any pending audit work, fees, or documentation that needs to be addressed

8. Transition Requirements: Details about the handover process and requirements for working papers

9. Closing Statement: Professional conclusion with acknowledgment of past services

10. Signature Block: Authorized signatory details, including name, position, and company details