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Which of the following statements would be least likely to be included in an aud

ID: 2603315 • Letter: W

Question

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

Explanation / Answer

the least included statement would be -

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

When you look at the above mentioned statement then these are inculcate in the engagement letter. As auditor does mention that audit is performed for financial statement and also if they are convinient to write they can mention the details for fees as well.

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