- 1 Marks
AAA – Nov 2013 – L3 – A – Q15 – Audit Reporting
This question assesses the primary purpose of sending a letter of enquiry to a legal firm regarding client litigation.
Question
The main reasons why auditors send a letter of enquiry to the legal firm handling litigation or claims on behalf of their client is to provide:
A. Auditors with weak position in client litigation and claims
B. Auditors with written submission and statement of claims to the court
C. Information concerning the progress of outstanding cases to date
D. Auditors with corroborative audit evidence
E. Auditors with impact of legal opinion on financial statements
Find Related Questions by Tags, levels, etc.
- Tags: Audit evidence, Legal claims, Letter of Enquiry, Litigation
- Level: Level 3
- Topic: Audit Reporting
- Series: NOV 2012
