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In the course of an audit, explain and contrast a letter of engagement and a letter of representation? Who prepares them? At what stage of

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In the course of an audit, explain and contrast a letter of engagement and a letter of representation? Who prepares them? At what stage of the audit engagement? Can you mention and explain a landmark court case related to one of them? Describe the fraudulent conduct known as (1) lapping and (2) kiting. a. What steps should be taken to prevent each one, that is (1) and (2) b. What steps should the independent auditor take to detect each one of them if they are present? Your score will be determined by the comprehensiveness and correctness of your answers. Explain each step iu detail

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