Can you explain two factors which would indicate that an existing engagement letter need to be revised?

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/03/12

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by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

:Some of these factors are *A significant change in ownership *A special terms of the audit engagement *A recent change in a head managemen

What are the salient matters contained in an engagement letter in comparison to standard business contract?
Top Answer: The following are main areas covered in an engagement letter. Scope of the function. Time frame. Financia ... See More

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Is it necessary to give engagement letter to the audit client every year?
Top Answer: As per ISA, The auditor may decide not to send a new audit engagement letter or other written agreement e ... See More

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Can you state six items that could be included in an engagement letter?
Top Answer: The below are the main items needs to be included in an engagement letter. 1. Scope of Work 2. Reporting ... See More

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As a tax preparer, should my returning clients sign an engagement letter each year?
Top Answer: no it is not necessary See More

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