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Unformatted text preview: Ramifications Suppose there isn't a prior auditor, what other sources might you use? What is the nature of the information you seek? Discuss resignation, dismissal, strategic dismissal, G/L withheld, © W.R. Knechel Engagement Letters AU 310 1. Why? a. avoid misunderstandings with the client b. minimize potential liability (ex: 1136 Tenants) c. promote good relations with client personnel d advertises other services 2. What does it contain? P5-31 a. objective of engagement (e.g., audit) b. client’s responsibilities c. auditor’s responsibilities d. Limitations of the engagement e. other services, (e.g., timing –deadlines, need for assistance from client's employees, fees) 3. When should it be obtained?...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08