Question: A CPA has been asked to audit the financial statements of a nonpublic company for the first time. All preliminary discussions have been completed between

A CPA has been asked to audit the financial statements of a nonpublic company for the first time. All preliminary discussions have been completed between the CPA, the company, the predecessor auditors, and all other necessary parties. The CPA is now preparing an engagement letter. List the items that should be included in the engagement letter.

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The typical engagement letter includes the following 1 The name of the person who retained the auditors to perform the auditing services 2 A description of the objective and scope of the audit ... View full answer

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