Which of the Following Components of an Engagement Letter Would

question 52

Multiple Choice

Which of the following components of an engagement letter would apply to both a review engagement and a compilation engagement?

• A)negative assurance will be provided so there is no assurance that fraud will be detected
• B)no assurance will be provided since only mathematical accuracy will be verified
• C)procedures used during the engagement will be limited to analytical review and inquiry
• D)a statement that an audit is not to be performed and that no opinion will be expressed

---

Definitions:

Collective Agreement

A written contract of employment, typically negotiated by a union representing employees and the employer, outlining terms and conditions of employment.

Human Rights Legislation

Refers to laws and regulations designed to protect individuals' fundamental rights and freedoms from infringement or abuse.

Federal Acts

Legislation passed by the national government that applies across the entire country.

Provincial Acts

Legislation enacted by the provincial governments in Canada, addressing matters within their constitutional authority.