The primary reason an engagement letter is
obtained by audit firms prior to starting the
work is that
a. It provides an insurance policy for
companies entering into the agreement.
b. It clarifies the responsibilities of
management and those of the
auditor.
c. It communicates the type of opinion that
will be rendered on the engagement
d. It defines the firm's policies and
procedures regarding new clients
obtained by audit firms prior to starting the
work is that
a. It provides an insurance policy for
companies entering into the agreement.
b. It clarifies the responsibilities of
management and those of the
auditor.
c. It communicates the type of opinion that
will be rendered on the engagement
d. It defines the firm's policies and
procedures regarding new clients