Question 17 Not yet answered Marked out of 100 Smart Solutions Audit Firm sends an engagement letter to one of its client, the Engage Event Management Company. Which one of the following is the reason for which the engagement letter is sent by the audit firm? Flag question To set out the duties and responsibilities of Smart Solutions Audit Firm To understand how accounting data is prepared To confirm formally the truth and fairness of certain aspects of financial statements To give the organization an opportunity to respond