The scope of an audit is not restricted when an attorney letter limits the response to a.
Question:
a. Matters to which the attorney has given substantive attention in the form of legal representation.
b. An evaluation of the likelihood of an unfavorable outcome of the matters disclosed by the entity.
c. The attorney’s opinion of the entity’s historical experience in recent similar litigation.
d. The probable outcome of asserted claims and pending or threatened litigation.
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a Correct The attorneys response should be limited to matters to which they have given substanti...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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