1. Different applicable laws and regulations:
The signing and implementation of the audit engagement letter shall comply with the Contract Law, the Accounting Law of People's Republic of China (PRC) and the Provisions on National Accounting Reporting of Enterprise Finance. Ordinary sales contracts shall be executed in accordance with the contract law.
2. Different goals:
The theme of audit engagement letter is audit service; The object of an ordinary purchase and sale contract is ordinary goods, and the contract amount can be calculated according to the quantity and unit price.
3. Different contents:
In addition to the rights and obligations of both parties in the general contract, the liability for breach of contract, payment terms, etc. The audit engagement letter shall stipulate the scope of audit business, audit responsibility, use of audit report, etc. Ordinary purchase and sale contracts mainly stipulate the quality, quantity and unit price of goods.
Extended data
In the audit agreement, there are clear provisions on the audit purpose, accounting responsibility and audit responsibility, audit scope, audit fee, time to provide information, time to issue reports, and the commitment of travel expenses. As the saying goes, brothers, clear accounts.
For a project, especially a newly undertaken project, in the process of business negotiation, it is best to make clear some details such as the cost, scope, the time of the issuer's report, and the commitment of travel expenses. This is also to prevent some unnecessary disputes before issuing the report.
Enterprises involved in the purchase and sale contracts should review the subject matter, quantity, quality, price or remuneration, time limit, place and method of performance, liability for breach of contract, dispute resolution and other key points. The commercial terms, financial terms and legal terms in the contract mostly involve terms related to the amount, such as the price of the goods, deposit, liquidated damages, shipment, insurance, payment terms, warranty amount, etc.
Baidu Encyclopedia-Audit Engagement Letter
Baidu encyclopedia-purchase and sale contract