Auditors Often Request That the Audit Client Send a Letter

question 45

Multiple Choice

Auditors often request that the audit client send a letter of inquiry to those attorneys who have been consulted with respect to litigation,claims,or assessments.The primary reason for this request is to provide the auditors with:

• A)An estimate of the dollar amount of the probable loss.
• B)An expert opinion as to whether a loss is possible,probable,or remote.
• C)Information concerning the progress of cases to date.
• D)Corroborative audit evidence.

---

Definitions:

SimQuick

A software tool used for simulating systems that involve waiting lines, inventories, and project planning.

Buffers

Temporary storage areas that help manage differences in operation speed by storing data or materials.

Objects

Items, entities, or instances that can possess attributes and operations in programming and computer science contexts.

FCFS System

First Come, First Served, a queuing system where the first item or person to arrive is the first to be attended to.