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Forensic Accounting

Category - Professional Responsibilities and Management

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An engagement report is prepared by practitioners for which of the following?

Clients
Their own reference
All the stakeholders
Anyone interested in coming to grips with the proceeding
All of the above

Explanation

Answer: E - The report is meant for all the mentioned entities, yet care must be exercised by practitioners that their report is not relied upon by third parties who have no working knowledge about the entire proceedings. Thereby, a disclaimer to that effect in the report can serve the purpose.

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Forensic Accounting

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Forensic Accounting

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