Which of the following matters would not be included in the terms of an engagement letter?
A) Audit fees and billing arrangements.
B) Involvement of internal auditors and/or a predecessor auditor.
C) Additional services to be provided in connection with the engagement.
D) Conditions under which the auditor's independence requirement may be waived.

Question

Quizplus · Accepted Answer

The auditor's independence cannot be waived as it is a fundamental principle for the integrity and objectivity of an audit. Engagement letters typically include details such as audit fees, involvement of other auditors, and additional services, but not conditions for waiving independence requirements.

Which of the Following Matters Would Not Be Included in the Terms