[Anonymous]

Hey guys,

I need some help here. Becker keeps using presumptively mandatory (“should”) for review and compilations for engagement letter. So is it safe to assume when asked if engagement letter is required on MCQ for either the answer would be “NO”? For some reason this is so confusing to me.

Thanks a million!

[hopefulcpa28]

Answer is YES. Engagement letter is ALWAYS required.

Representation letter is required for Audit, Review, etc. BUT NOT FOR COMPILATION.

[Anonymous]

Thanks, hopefulcpa28. GL with your studies and test!

[KasiaS]

If you get a question like that, it won't be a straight forward “No”. It'll say the engagement is required UNLESS the accountant can properly justify the departure. That's the basic meaning of “presumprively mandatory”.

FAR 88 (07/15/11)
BEC 83 (08/31/11)
AUD 81 (10/15/11)
REG 83 (11/26/11)

Used NIU Correspondence CPA Review

[mla1169]

I understood that a written agreement is mandatory but it does not specifically need to be an Engagement letter, although an engagement letter is the most typically used form of written agreement.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Author]

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