Which of the following statements would be least likely to be included in an audit engagement letter? Multiple Choice A. We will provide you with a list of schedules and information needed by our staff during the audit. B. We will not disclose any advice provided under the terms of this engagement letter to third parties unless instructed to do so. C. The fees for our services will be at our regular per diem rates plus out-of-pocket expenses. D. Our audit will be conducted with the objective of our expressing an opinion on the financial statement

Question

Business

Darwin Perkins

2 November, 12:08

Which of the following statements would be least likely to be included in an audit engagement letter? Multiple Choice A. We will provide you with a list of schedules and information needed by our staff during the audit. B. We will not disclose any advice provided under the terms of this engagement letter to third parties unless instructed to do so. C. The fees for our services will be at our regular per diem rates plus out-of-pocket expenses. D. Our audit will be conducted with the objective of our expressing an opinion on the financial statement

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Answers (1)

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Kaylynn Richard · Answer 1

B. We will not disclose any advice provided under the terms of this engagement letter to third parties unless instructed to do so

Explanation:

Audit engagement letter is a document issued by an auditor when having to take a new client. This letter serves as contract which contains what is expected from both parties. It is a legal document that can serve as evidence in a law court although it is considered less formal. This document contains procedures and guidelines of engagement.