The primary reason auditors request responses to attorney letters is to provide auditors
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 attorney's opinions of the client's historical experiences in recent similar litigation.
D) A description and evaluation of litigation, claims, and assessments that existed at the date of the financial statements.

Question

Quizplus · Accepted Answer

The primary reason auditors request responses to attorney letters is to corroborate the information furnished by management about litigation, claims, and assessments. The attorney letter provides the auditor with additional information about the existence of litigation, claims, and assessments, as well as the potential outcome and financial impact. This information is essential for auditors to form an opinion on the completeness and accuracy of the financial statements.

The Primary Reason Auditors Request Responses to Attorney Letters Is