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Request for Audit Work Papers Letter

The document is a sample letter from the Office of Thrift Supervision requesting an external auditor's audit work papers related to a specific savings association. The letter notes that OTS regulations require auditors to provide access to any work papers related to services performed for a savings association. It informs the auditor that OTS has selected the specified institution for a work paper review. The letter requests all original work papers from the institution's most recent audit and offers to conduct the review at a location of the auditor's choosing to minimize burden. It also notes an individual familiar with the audit should be available to answer questions during the review.

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Samuel Haile
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44 views1 page

Request for Audit Work Papers Letter

The document is a sample letter from the Office of Thrift Supervision requesting an external auditor's audit work papers related to a specific savings association. The letter notes that OTS regulations require auditors to provide access to any work papers related to services performed for a savings association. It informs the auditor that OTS has selected the specified institution for a work paper review. The letter requests all original work papers from the institution's most recent audit and offers to conduct the review at a location of the auditor's choosing to minimize burden. It also notes an individual familiar with the audit should be available to answer questions during the review.

Uploaded by

Samuel Haile
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Appendix D: External Audit

Section 350

DRAFT: SAMPLE LETTER TO REQUEST AUDIT WORK PAPERS

Office of Thrift Supervision


Department of the Treasury
1700 G Street, N.W., Washington, DC 20552 (202) 906-6000

Mr./Ms. _______________ Accounting Firm Address City, State, Zip Code Dear Mr./Ms. _____________: The Office of Supervision (OTS) requires, under its regulation 12 CFR 562.4(d)(2), that the independent public accountant, engaged in an external audit of a savings association, agree in the engagement letter to provide OTS with access to and copies of any work papers, policies, and procedures relating to the services performed. The OTS has a program to review auditors work papers to enhance its supervision of savings associations. The OTS has selected your client, (name of institution and city), for a work paper review. Please make all the original work papers relating to the audit of this institution or its parent holding company for the year ended (date) available for review. In addition to the requested work papers, we may request to review your firms policies and procedures relating to this audit. To limit the burden of the work paper review, we will conduct our review at a site of your choice. The review process may be expedited if an individual who is familiar with the audit is available to respond to inquiries. We have or will advise (name of officer of the client institution) of (name of institution) of this request. (name) at (telephone number) Examiner next several days to make arrangements for the review. Sincerely, will contact your office within the

Examiner in Charge

cc: Chief Executive Officer Regional Accountant

Office of Thrift Supervision

February 2002

Examination Handbook

350D.1

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