Quotation Estimate Auditor in Sri Lanka Colombo –Free Word Template Download with AI

This Quotation Estimate is issued by Ceylon Audit & Assurance (Pvt) Ltd., a registered professional firm operating in Sri Lanka Colombo, to provide a comprehensive and transparent breakdown of costs associated with engaging a qualified Auditor for the financial year ending 31 December 2025. This document serves as a formal proposal outlining the scope, deliverables, timelines, and associated fees for the Auditor engagement. All pricing reflected in this Quotation Estimate is based on current market rates applicable to professional audit services in Sri Lanka Colombo and is subject to the terms and conditions stated herein.

The Auditor engagement, as detailed in this Quotation Estimate, encompasses the following professional services to be delivered in Sri Lanka Colombo:

• Statutory Financial Audit: A full independent audit of the annual financial statements in compliance with Sri Lanka Accounting Standards (SLAS) and the Companies Act No. 07 of 2007, as administered by the Department of Registrar of Companies in Colombo.
• Internal Control Assessment: Evaluation of the client's internal control framework, identification of material weaknesses, and provision of remedial recommendations by the appointed Auditor.
• Tax Compliance Review: Verification of compliance with the Inland Revenue Department (IRD) regulations applicable in Sri Lanka Colombo, including income tax, VAT, and withholding tax obligations.
• Management Letter: A detailed report from the Auditor highlighting operational observations, governance recommendations, and areas for improvement.
• Board Presentation: A formal presentation of audit findings by the Auditor to the Board of Directors and Audit Committee of the client, conducted at the client's premises in Colombo.

• This Quotation Estimate is valid for thirty (30) days from the date of issue. Beyond this period, the Auditor fees may be revised to reflect changes in operational costs in Sri Lanka Colombo.
• Payment terms: 40% advance upon acceptance of this Quotation Estimate, 40% upon completion of fieldwork, and 20% upon delivery of the final audit report by the Auditor.
• All payments shall be made in Sri Lankan Rupees (LKR) via bank transfer to the firm's designated account in Colombo.
• The Auditor shall maintain strict confidentiality of all client information in accordance with the Sri Lanka Institute of Accountants (SLIA) Code of Ethics.
• This Quotation Estimate does not constitute a binding contract until formally accepted in writing by both parties.
• Any disputes arising from this engagement shall be resolved through arbitration in Sri Lanka Colombo in accordance with the Arbitration Act of Sri Lanka.
• The Auditor reserves the right to withdraw from the engagement if the client fails to provide timely access to records or personnel, as required for the audit process.

This Quotation Estimate assumes that the engagement will be conducted primarily at the client's registered office in Sri Lanka Colombo. Travel to branch locations outside the Colombo District will be billed separately at prevailing rates. The Auditor engagement does not include forensic auditing, litigation support, or valuation services unless explicitly added as a supplementary scope with a revised Quotation Estimate.