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An Audit Engagement Withdrawal Letter is a critical document used when an audit firm needs to terminate its professional services before completing an audit engagement. In Pakistan, this document must align with the Companies Act 2017, SECP regulations, and ICAP requirements, while also following International Standards on Auditing. The letter is typically used when circumstances arise that compromise independence, create conflicts of interest, or when the audit firm cannot obtain sufficient appropriate audit evidence. It must clearly communicate the withdrawal decision, provide professional justification, outline completed work, address fee matters, and ensure compliance with regulatory requirements. This document is particularly important as it helps manage legal and professional risks while maintaining the integrity of the audit profession in Pakistan's business environment.

1. Letter Header and Date: Formal business letter header including sender's details, recipient's details, and date

2. Engagement Reference: Clear identification of the audit engagement being withdrawn from, including relevant dates and contract references

3. Purpose Statement: Clear statement of the letter's purpose - to withdraw from the audit engagement

4. Reason for Withdrawal: Professional explanation of the circumstances necessitating withdrawal

5. Status of Work: Summary of audit work completed to date, if any

6. Professional Obligations: Statement regarding compliance with professional standards and regulatory requirements in the withdrawal process

7. Next Steps: Clear outline of immediate actions required by both parties

8. Closing and Signature: Professional closing, including contact information for any queries and authorized signature