Auditors Often Request That the Audit Client Send a Letter

question 45

Multiple Choice

Auditors often request that the audit client send a letter of inquiry to those attorneys who have been consulted with respect to litigation,claims,or assessments.The primary reason for this request is to provide the auditors with:

• A)An estimate of the dollar amount of the probable loss.
• B)An expert opinion as to whether a loss is possible,probable,or remote.
• C)Information concerning the progress of cases to date.
• D)Corroborative audit evidence.

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Definitions:

Contingent Reinforcement

A form of behavior modification that involves delivering rewards or consequences based on the occurrence of specific behaviors.

Behaviour

The actions, reactions, or conduct of an individual, often studied in psychology to understand and predict human interactions.

Contingent Reinforcement

A method of behavior modification that delivers rewards or consequences contingent on a desired behavior.

Desirable Behaviour

A behavioral expectation within an organizational or social setting considered beneficial for its success and harmony.