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

Question

Quizplus · Accepted Answer

The primary reason auditors request a letter of inquiry to solicitors is to obtain corroborating evidence regarding litigation, claims, or assessments. This helps auditors verify the information provided by management and assess the financial implications for the audit.

Auditors Often Request That the Audit Client Send a Letter