n. The audit engagement letter is sometimes initiated by the auditor. o. Predecessor auditors can show their working papers to the successor auditors but must ask permission first from the client. p. On recurring audits, the auditor may send a new engagement letter every year to remind the client in writing about the engagement. q. When a new engagement letter is considered not necessary, this means that the auditor and client are amenable to an oral reminder of an existing engagement.

n. The audit engagement letter is sometimes initiated by the auditor. o. Predecessor auditors can show their working papers to the successor auditors but must ask permission first from the client. p. On recurring audits, the auditor may send a new engagement letter every year to remind the client in writing about the engagement. q. When a new engagement letter is considered not necessary, this means that the auditor and client are amenable to an oral reminder of an existing engagement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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