Question: An auditors engagement letter most likely would include a statement that Lists potential significant deficiencies discovered during the prior years audit. Explains the analytical procedures

An auditors engagement letter most likely would include a statement that

  1. Lists potential significant deficiencies discovered during the prior years audit.
  2. Explains the analytical procedures that the auditor expects to apply.
  3. Describes the auditors responsibility to evaluate going-concern issues.
  4. Limits the auditors responsibility to detect errors and fraud.

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