expand icon
book Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder cover

Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Edition 9ISBN: 978-0130459206
book Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder cover

Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Edition 9ISBN: 978-0130459206
Exercise 4
A CPA has been asked to audit the financial statements of a publicly held company for the first time. All preliminary verbal discussions and inquiries among the CPA, the company, the predecessor auditor, and all other necessary parties have been completed. The CPA is now preparing an engagement letter.
Required:
a. List the items that should be included in the typical engagement letter in these circumstances.
b. Describe the benefits derived from preparing an engagement letter.
(AICPA, adapted)
Explanation
Verified
like image
like image

a.The following items may be covered in ...

close menu
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
cross icon