Question: LO 3 - 3 , 3 - 4 3 - 2 9 A CPA has been asked to audit the financial statements of a publicly

LO 3-3,3-4
3-29 A CPA has been asked to audit the financial statements of a publicly held
company for the first time. All preliminary verbal discussions and inquiries
among the CPA, the company, the predecessor auditor, and all other
necessary parties have been completed. The CPA is now preparing an
engagement letter.
Required:
a. List the items that should be included in the typical engagement
letter in these circumstances.
b. Describe the benefits derived from preparing an engagement letter.
(AICPA, adapted)

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