Auditors should send a letter of inquiry to those solicitors who have been consulted concerning litigation or

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Auditors should send a letter of inquiry to those solicitors who have been consulted concerning litigation or claims. The primary reason for this request is to provide:

(a) corroborative evidential matter.

(b) information concerning the progress of cases to date.

(c) anestimate of the amount of the probable loss.

(d) anexpert opinion as to whether a loss is possible, probable or remote.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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