Posted: 04 Aug 2009 at 21:19 | IP Logged
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I went searching when I read this. Becker has a pass key in it that states "AN ENGAGEMENT LETTER IS A PRESUMPTIVELY MANDATORY REQUIREMENT (I.E. IT IS REQUIRED IN MOST CIRCUMSTANCES)
This tells me it is not always required (although I don't know when that would be since I'm on ch 3). But it didn't say "its required" so there are times when it will not be required.
Also, I think its required that there be 'an understanding between auditor and client', but it doesn't necessarily have to be specifically an engagement letter. A letter of understanding could do it.
Personally, I find 40% of this stuff is word games and slight of hand.
Hope that helps.
__________________ Becker
Stick a fork in me, I'm done.
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