engagement letter from the textbook should be modified to include only the additional work to performed on this audit (the Federal Tax and State Franchise Tax return) o The completion date of the audit. Under new PCAOB the new due date is 45 days after year end (this is being phased in so the answers may vary). o The audit fee (students will need this again when examining accounts payable). o The standards are those of the Public Company Accounting Oversight Board •…
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