At the planning meeting for the audit of Deep Trawler Ltd for the year ended 30 June 2018, the audit partner, John Paine, presented the chief executive officer (CEO), Robert Goodfellow, with an engagement letter and asked that he sign the letter as acknowledgment of the terms of the engagement

At the planning meeting for the audit of Deep Trawler Ltd for the year ended 30 June 2018, the audit partner, John Paine, presented the chief executive officer (CEO), Robert Goodfellow, with an engagement letter and asked that he sign the letter as acknowledgment of the terms of the engagement. Robert had not seen an engagement letter before and indicated that he did not believe that there was any need for such a letter, as he understood the auditor’s duties and his own duties perfectly.