Which of these precautions taken by auditors would avoid or minimise the consequences of litigation?

Question

Quizplus · Accepted Answer

All the listed precautions—using an engagement letter, thoroughly investigating potential clients, and ensuring compliance with professional pronouncements—are strategies that auditors can employ to minimize the risk of litigation. These measures help in setting clear expectations, avoiding engagements with high-risk clients, and adhering to professional standards, thereby reducing the likelihood of disputes that could lead to legal action.

Which of These Precautions Taken by Auditors Would Avoid or Minimise