In the letter of audit inquiry concerning a description and evaluation of litigation,claims and assessment provided by management to the auditor,which of the following is the client's lawyer not requested to provide?
A)Information on the completeness of management's list.
B)Information on the compliance of the disclosures with GAAP.
C)Information on the likelihood and range of possible losses.
D)Information on any limitations on the lawyer's response.

Question

Quizplus · Accepted Answer

The client's lawyer is not requested to provide information on the compliance of the disclosures with GAAP. This is because it is the responsibility of management to ensure that the financial statements are prepared in accordance with GAAP, not the responsibility of the lawyer. The lawyer's role is to provide information on the description and evaluation of litigation, claims, and assessments, including information on the completeness of management's list, the likelihood and range of possible losses, and any limitations on the lawyer's response.

In the Letter of Audit Inquiry Concerning a Description and Evaluation