What should be included in an audit engagement agreement?
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 18RQSC
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Question
What should be included in an audit engagement agreement?
Expert Solution
Step 1: Definition
Engagement agreement:
Engagement agreement is a type of a contract that is prepared when a new client is accepted. The letters reduces the risk of misunderstandings that might arise with the client.
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