When Requiring a Letter of Audit Inquiry from the Client's

question 42

Multiple Choice

When requiring a letter of audit inquiry from the client's attorney,which of the following information will be requested?

• A)A statement regarding conflicts of interest that the attorney may have with the client.
• B)The attorney's expert opinion of proper GAAP treatment related to client contingencies.
• C)An evaluation of the likelihood of unfavorable outcome of,and estimated losses from contingencies.
• D)Possible auditor defenses for third-party litigation related to ordinary negligence claims.

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Definitions:

CISM

Critical Incident Stress Management, a process designed to lessen the impact of a traumatic event and accelerate recovery from or prevent the development of post-traumatic stress disorder.

Individual Counseling

A form of therapy where a single client works one-on-one with a therapist to discuss and work through personal issues, behaviors, or feelings.

Components

The distinct parts or elements that make up a larger system or whole.

Psychological First Aid

An approach to reduce initial distress caused by traumatic events and foster short- and long-term adaptive functioning.