A specific letter of inquiry to the client's external legal counsel would include:
A) a list of litigation and claims.
B) a request from the client's external legal counsel confirming the reasonableness of management's assessment of the outcome of each identified litigation.
C) management's assessment of the outcome of each identified litigation.
D) all of the above

Question

Quizplus · Accepted Answer

A specific letter of inquiry to the client's external legal counsel should include all of the above - a list of litigation and claims, a request from the client's external legal counsel confirming the reasonableness of management's assessment of the outcome of each identified litigation, and management's assessment of the outcome of each identified litigation. This will provide a comprehensive understanding of the legal matters affecting the client's financial statements.

A Specific Letter of Inquiry to the Client's External Legal