Multiple Choice
The written communication stating the auditor cannot guarantee that all acts of fraud will be discovered is found in the
A) engagement letter.
B) representation letter.
C) responsibility letter.
D) client letter.
Correct Answer:

Verified
Correct Answer:
Verified
Q117: The risk of material misstatement is the
Q118: Transactions with related parties must be disclosed
Q119: Auditing standards recommend, but do not require,
Q120: Given the extensive use of third-party vendors
Q121: Which of the following normally signs the
Q123: In what order should the following steps
Q124: Which is usually included in an engagement
Q125: Total estimated misstatements include known misstatements and
Q126: Initial audit planning involves four matters. Which
Q127: When allocating materiality, most practitioners choose to