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You are being offered an engagement by a local contractor who wants to investigate its...

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Accounting

You are being offered an engagement by a local contractor who wants to investigate its purchasing manager for possible fraud. The owner of the business is rather eccentric and is willing to pay very well, but he does not want to sign any kind of engagement letter or contract. He says that such formalities are not needed for good, honest people. How do you respond? Can you accept an engagement with no written engagement letter?

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