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.

---

Definitions:

Discouraged Worker

A person who has stopped searching for a job because he or she believes that job hunting is futile.

Chronically Unemployed

Individuals who are repeatedly without a job and actively seeking work for long periods.

Job-Hunting Efforts

Activities and measures taken by individuals to find employment, including networking, submitting applications, and attending interviews.

Part-Time Worker

An employee who works fewer hours than the full-time threshold, often with a flexible schedule and reduced benefits.