Which of the following statements would
least likely appear in an auditor's
engagement letter?
a. Our engagement is subject to the risk
that material errors, fraud, and
defalcations, if they exist, will not be
detected.
b. During the course of our audit we may
observe opportunities for economy in, or
improved controls over, your operations.
c. After performing our preliminary
analytical procedures we will discuss
with you the other procedures we
consider necessary to complete the
engagement.
d. Fees for our services are based on our
regular per diem rates, plus travel and
other out-of-pocket expenses
least likely appear in an auditor's
engagement letter?
a. Our engagement is subject to the risk
that material errors, fraud, and
defalcations, if they exist, will not be
detected.
b. During the course of our audit we may
observe opportunities for economy in, or
improved controls over, your operations.
c. After performing our preliminary
analytical procedures we will discuss
with you the other procedures we
consider necessary to complete the
engagement.
d. Fees for our services are based on our
regular per diem rates, plus travel and
other out-of-pocket expenses