Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

تمرين 21

An auditor should request that an audited entity send a letter of inquiry to those attorneys who have been consulted concerning litigation, claims, or assessments. The primary reason for this request is to provide
A) The opinion of a specialist as to whether loss contingencies are possible, probable, or remote.
B) A description of litigation, claims, and assessments that have a reasonable possibility of unfavorable outcome.
C) An objective appraisal of management's policies and procedures adopted for identifying and evaluating legal matters.
D) Corroboration of the information furnished by management concerning litigation, claims, and assessments.