Auditors Often Request That the Audit Client Send a Letter

Multiple Choice

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.