An Attorney Responding to an Auditor as a Result of the Client's

question 19

Multiple Choice

An attorney responding to an auditor as a result of the client's letter of audit inquiry may appropriately limit the response to:

• A)Items which have high probability of being resolved to the client's detriment.
• B)Asserted claims and pending or threatened litigation.
• C)Legal matters subject to unsettled points of law,uncorroborated information,or other complex judgments.
• D)Matters to which the attorney has given substantive attention in the form of legal consultation or representation.

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Definitions:

Decrease Costs

The process or strategy of reducing the amount of money required for operations, production, or other activities within an organization.

Increase Revenues

The process of enhancing the income generated by a business through either increased sales, improved pricing strategies, or expanding market reach.

Manufacturing Organizations

Companies engaged in the production of goods through the use of labor, machines, tools, and chemical or biological processing or formulation.

Service Organizations

Companies or entities that provide intangible products or services to customers or clients.