n. The audit engagement letter is sometimes initiated by the auditor. o. Predecessor auditors can show their working papers to the successor auditors but must ask permission first from the client. p. On recurring audits, the auditor may send a new engagement letter every year to remind the client in writing about the engagement. q. When a new engagement letter is considered not necessary, this means that the auditor and client are amenable to an oral reminder of an existing engagement.
n. The audit engagement letter is sometimes initiated by the auditor. o. Predecessor auditors can show their working papers to the successor auditors but must ask permission first from the client. p. On recurring audits, the auditor may send a new engagement letter every year to remind the client in writing about the engagement. q. When a new engagement letter is considered not necessary, this means that the auditor and client are amenable to an oral reminder of an existing engagement.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
Section: Chapter Questions
Problem 36CYBK
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Write true if the statement is correct; or false if the statement is incirrect. If true, explain in 1 or 2 complete sentences, and if false, correct the statement in at least 1 complete sentence.
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