The Primary Reason an Auditor Asks That Enquiry Letters Be

question 44

Multiple Choice

The primary reason an auditor asks that enquiry letters be sent to a client's lawyers is to provide the auditor with ________.

• A)the probable outcome of asserted claims and pending or threatened litigation
• B)corroboration of the information furnished by management about litigation,claims,and assessments
• C)the lawyer's opinion of the client's historical experiences in recent similar litigation
• D)a description and evaluation of litigation,claims,and assessments that existed at the balance sheet date

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Definitions:

Social Emotions

Emotions that are felt as a result of interaction with others or arising from one's position within a social context.

Internal Sources

Internal sources refer to the origins of information, capital, or resources within an organization, as opposed to external sources.

Happiness Category

Happiness category refers to the classification of different types or sources of happiness as studied in psychology, such as emotional well-being or life satisfaction.

Sadness Category

A classification used to group expressions, experiences, or instances of the emotion of sadness.