$17-14$

An auditor should request that an audited entity send a letter of inquiry to those attorneys who have been consulted concerning litigation, claims, or assessments. The primary reason for this request is to provide

The opinion of a specialist as to whether loss contingencies are possible, probable, or remote.

A description of litigation, claims, and assessments that have a reasonable possibility of unfavorable outcome.

An objective appraisal of management$$s policies and procedures adopted for identifying and evaluating legal matters.

Corroboration of the information furnished by management concerning litigation, claims, and assessments.