An Engagement Letter Contains Express or Implied Terms of the Contractual

question 10

Multiple Choice

An engagement letter contains express or implied terms of the contractual arrangement with the client.Which of the following is not one of those terms?

• A)To exercise a reasonable degree of skill and care.
• B)To report the duties of the auditor.
• C)To be independent of the company.
• D)To give an opinion on the truth and fairness of the financial statements of the company.

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Definitions:

Tailgating

An unauthorized person following an authorized individual to gain entry into a restricted area, often used in the context of security breaches.

Unauthorized Person

An individual who does not have the necessary approvals or permissions to access a specific area, system, or set of information.

Authorized Person

An individual who has been officially granted permission or authority to access specific resources, areas, or information, often within a restricted or secure environment.

Spear Phishing

A targeted type of social engineering in which the attackers know some information about someone that lulls them into thinking an email or other electronic message is safe.