Which of the following is not normally found in the audit engagement letter?
A) a disclaimer on detecting all material irregularities.
B) the objective or purpose of the audit.
C) a space for the client's approving signature.
D) the use of binding arbitration in the case of a dispute.

Question

Quizplus · Accepted Answer

The audit engagement letter typically includes elements such as a disclaimer on detecting all material irregularities (A), the objective or purpose of the audit (B), and a space for the client's approving signature (C). The use of binding arbitration in the case of a dispute (D) is not a standard component of an audit engagement letter, as the letter focuses on the scope and nature of the audit services to be provided rather than on dispute resolution mechanisms.

Which of the Following Is Not Normally Found in the Audit