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    Auditing and Assurance Services Study Set 1
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    Exam 8: Audit Planning and Analytical Procedures
  5. Question
    An Engagement Letter Establishes a Clear Understanding of the Terms
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An Engagement Letter Establishes a Clear Understanding of the Terms

Question 7

Question 7

True/False

An engagement letter establishes a clear understanding of the terms of the engagement between the client and the auditor, but it is optional for private companies.

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