The Primary Reason an Auditor Requests Letters of Inquiry Be

question 70

Multiple Choice

The primary reason an auditor requests letters of inquiry be sent to a client's attorneys is to provide the auditor with

• A) A description and evaluation of litigation, claims, and assessments that existed at the date of the balance sheet.
• B) An expert opinion as to whether a loss is possible, probable, or remote.
• C) The opportunity to examine the documentation concerning litigation, claims, and assessments.
• D) Corroboration of the information furnished by management concerning litigation, claims, and assessments.