When Requiring a Letter of Audit Inquiry from the Client's

question 42

Multiple Choice

When requiring a letter of audit inquiry from the client's attorney,which of the following information will be requested?

• A)A statement regarding conflicts of interest that the attorney may have with the client.
• B)The attorney's expert opinion of proper GAAP treatment related to client contingencies.
• C)An evaluation of the likelihood of unfavorable outcome of,and estimated losses from contingencies.
• D)Possible auditor defenses for third-party litigation related to ordinary negligence claims.

---

Definitions:

Collaborative Writing

Involves several participants combining their efforts and expertise to co-create text, enhancing the quality and breadth of the final outcome.

Guidelines

A set of recommended practices or directions designed to guide actions or procedures.

Meningeal Membranes

The three layers of tissue (dura mater, arachnoid mater, and pia mater) that protect the brain and spinal cord.

Arachnoid Mater

A delicate membrane, one of the three meninges, located between the dura mater and pia mater, surrounding the brain and spinal cord.