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Forensic Accounting

Category - Fundamental Forensic Knowledge

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An engagement letter is a:

Written agreement between the client and practitioner
Contract that establishes the fee to be charged by the practitioner for the engagement.
Document that outlines the time required to complete project
Voluntary submission of audit documents

Explanation

Answer: A - An engagement letter establishes a legal relationship between the client and practitioner, and serves as a written agreement between the parties. Everything, including the terms and conditions, compensation, and scope of the engagement, is outlined to ensure the work is performed in an effective and unhindered manner.

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Forensic Accounting

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