Question: 1 . An auditors engagement letter most likely would include: a . Management s acknowledgement of its responsibility for maintaining effective internal controls. b .

1. An auditors engagement letter most likely would include:
a. Managements acknowledgement of its responsibility for maintaining effective internal controls.
b. The auditors preliminary assessment of the risk factors relating to misstatements arising from fraudulent financial reporting.
c. A reminder that management is responsible for acts of noncompliance with laws and regulations committed by employees.
d. A request for permission to contact the clients lawyer for assistance in identifying litigation, claims, and assessments.

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