A written understanding detailing what the auditors will do in determining if

A written understanding detailing what the auditors

  • Pontifical Catholic
  • ACCT 431
  • Test Prep
  • Chrollo
  • 36
  • 97% (172) 167 out of 172 people found this document helpful

This preview shows page 8 - 10 out of 36 pages.

7) A written understanding detailing what the auditors will do in determining if the financial statements are fair representations of the company's financial statements and what the auditor expects from the client in performing an audit will normally be expressed in the:A) management letter requested by the auditor.B) engagement letter.C) Audit Plan.D) Audit Strategy for the client.Answer: BTerms: Written understanding detailing what auditor will do and what auditor expects from client in performing auditDiff: ModerateObjective: LO 8-2AACSB: Reflective thinking skills8) If an auditor is requested to perform nonaudit services for a public company audit client, who is responsible for agreeing to those services with the audit firm?8
Background image
9) Which of the following statements is true regarding communications between predecessor andsuccessor auditors? 10) The purpose of an engagement letter is to:11) Written communication that the auditor will provide reasonable assurance for the detection of fraud is found in:A) engagement letter.B) representation letter.C) responsibility letter.D) client letter.Answer: ATerms: Written communication that auditor will provide reasonable assuranceDiff: ModerateObjective: LO 8-2AACSB: Reflective thinking skills
Background image
Image of page 10

You've reached the end of your free preview.

Want to read all 36 pages?

  • Winter '15
  • DR.IRRIZARY
  • AACSB

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture