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what is a termination letter this is a letter that formally ends the relationship between the auditor and the client so a letter that the auditor typically sends to the client to indicate their working relationship has concluded it is a legal document so it is important because this establishes when that relationship ends and when the auditor is no longer involved with auditing the financial statements what is included in the letter the willingness to share audit documentation with the successor auditor typically the auditor will just go ahead and share that up front whether or not theyre willing to share that information also how the need for re-issuing past reports will be handled occasionally a client may need a previous report issued again in the future and the termination letter is a great place for the auditor to specify if they will be willing to do that and and how they how they will go about that process along with that it may include a description of fees for future needs su