Auditors often request that the audit client send a letter of inquiry to those attorneys who have been consulted with respect to litigation,claims,or assessments.The primary reason for this request is to provide the auditors 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)Corroborative audit evidence.

Question

Quizplus · Accepted Answer

The primary reason auditors request a letter of inquiry to attorneys is to obtain corroborative audit evidence regarding litigation, claims, or assessments. This helps auditors assess the financial implications and disclosures necessary for these matters in the financial statements.

Auditors Often Request That the Audit Client Send a Letter