Management Furnishes the Auditor with Information Concerning Litigation,claims,and Assessments
Multiple Choice
Management furnishes the auditor with information concerning litigation,claims,and assessments.Which of the following is the auditor's primary means of initiating action to corroborate such information?
A) Request that the client's lawyers undertake a reconsideration of matters of litigation,claims,and assessments with which they were consulted during the period under examination.
B) Request that the client's management send a letter of inquiry to those lawyers with whom management consulted concerning litigation,claims,and assessments.
C) Request that the client's lawyers provide a legal opinion concerning the policies and procedures adopted by management to identify,evaluate,and account for litigation,claims,and assessments.
D) Request that the client's management engage outside lawyers to suggest wording for the text of a footnote explaining the nature and probable outcome of existing litigation,claims,and assessments.
Correct Answer:

Verified
Correct Answer:
Verified
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