One procedure that is common to an audit engagement, as well as to both the compilation and review engagement, is obtaining an engagement letter.

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An engagement letter is a common procedure in all three types of engagements - audit, compilation, and review. The engagement letter outlines the terms of the engagement, the responsibilities of both parties, and the scope of the work to be performed. It is an important document that helps to establish clear communication between the auditor or accountant and the client.

One Procedure That Is Common to an Audit Engagement, as Well