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What is the purpose of an engagement letter

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Reference no: EM132976721

Question - In an auditing environment,

1. What is the purpose of an engagement letter? What sections should be included in an engagement letter?

2. What are the responsibilities of the successor and predecessor auditor when a company is changing auditors?

3. Explain where the auditors need to have an understanding of the client's industry in performing an audit.

Reference no: EM132976721

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