Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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For recurring engagements, the initial engagement letter stands valid unless:
  1. The practitioner needs to reassess the fees
  2. It is required by the court
  3. The client wishes to amend it
  4. Changes to the terms, scope, and objective of the engagement make it necessary to revise the engagement letter
Explanation
Answer: D - When changes to the scope and objectives of an engagement are altered, the engagement letter needs to be revised for recurring projects.
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