Which of the following elements would normally be included in an auditor's engagement letter?
A)Potential limitations of the audit engagement.
B)Responsibility of management for any and all illegal acts perpetrated by its employees.
C)Initial judgments pertaining to materiality.
D)Whether or not the auditor will attempt to obtain negative assurance with respect to management's compliance with laws and regulations.

Question

Quizplus · Accepted Answer

An auditor's engagement letter typically includes potential limitations of the audit engagement to clarify the scope and boundaries of the audit.

Which of the Following Elements Would Normally Be Included in an Auditor's