The Auditors' Primary Means of Obtaining Corroboration of Management's Information

question 37

Multiple Choice

The auditors' primary means of obtaining corroboration of management's information concerning litigation is a:

• A)Letter of audit inquiry to the client's lawyer.
• B)Letter of corroboration from the auditor's lawyer upon review of the legal documentation.
• C)Confirmation of claims and assessments from the other parties to the litigation.
• D)Confirmation of claims and assessments from an officer of the court presiding over the litigation.

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Definitions:

Socioeconomic Factors

Aspects of a person's social and economic position, such as income, education, and employment, that may affect their health and well-being.

Geographical Factors

Elements related to the physical environment that can influence the development and health of societies and ecosystems.

Gynecological Cancers

A group of cancers that affect the female reproductive system, including ovarian, uterine, and cervical cancers among others.

Gender Nonconforming

Describing a person who does not adhere to societal expectations or norms regarding how they should look, behave, or identify based on their assigned sex at birth.