If an Audit Partner Reviewing an Engagement Was Attempting to Locate

question 95

Multiple Choice

If an audit partner reviewing an engagement was attempting to locate details of long-term contracts and agreements, this information would be found in ________.

• A)the representation letter
• B)communications with the client's attorney
• C)the permanent file
• D)the current file

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Definitions:

IBM

International Business Machines Corporation, a multinational technology company known for its computer hardware, software, and IT services.

Microsoft

A global technology company known for its software products, including the Windows operating system and Office suite.

Close Substitutes

Close substitutes are products or services that can easily replace each other in the eyes of consumers due to similarities in function or characteristics.

Anti-Trust Lawsuits

Anti-trust lawsuits are legal actions undertaken to address and prevent business practices that reduce or restrict competition in the market.