Which of the following describes an engagement letter? Contract between the client and the internal auditors O Prepared by the client's management and acknowledged by the auditor O Prepared at the end of an audit engagement O One of its purposes is to set out the terms of the audit engagement eTextbook and Media What should be included in an engagement letter? (Several choices may be correct.) The overall audit opinion Overview of the auditor's responsibility for the preparation of the financial statements Overview of the responsibilities of management Scope and timing of the audit The applicable financial reporting framework to be used for the statements