An auditor's engagement letter most likely will include
A. Management's acknowledgment of its responsibility for maintaining effective internal control.
B. The auditor's preliminary assessment of the risk factors relating to misstatements arising from fraudulent financial reporting.
C. A reminder that management is responsible for illegal acts committed by employees.
D. A request for permission to contact the client's lawyer for assistance in identifying litigation, claims, and assessments.
Ans: A. Management's acknowledgment of its responsibility for maintaining effective internal control.
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