An engagement letter is prepared by the auditors and signed by the client at the conclusion of the audit process.

Name: An engagement letter is prepared by the auditors and signed by the client at the conclusion of the audit process.
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Quizplus · Accepted Answer

An engagement letter is prepared by the auditors and signed by the client at the beginning of the audit process, not at the conclusion. It serves as a contract outlining the scope of the audit, responsibilities, and expectations of both parties.

An Engagement Letter Is Prepared by the Auditors and Signed