Auditors should request that an audit client 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
a. Information concerning the progress of cases to date.
b. Corroborative audit evidence.
c. An estimate of the dollar amount of the probable loss.
d. An expert opinion as to whether a loss is possible, probable, or remote.
Answer: B
CPA Exam
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