When Audit Firms Do an Audit of Historical Financial Statements

question 85

Multiple Choice

When audit firms do an audit of historical financial statements, part of the audit usually consists of identifying operational problems and making recommendations that may benefit the audit client. The recommendations can be made orally but they are typically made by use of:

• A) a client letter.
• B) an engagement letter.
• C) a management letter.
• D) a letter of representation.

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Definitions:

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