L19 Notes_Part_2 - each listed outstanding & possible...

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The auditor should ask the client to prepare a letter (on client letterhead, signed by a client officer) asking the lawyer to respond directly to the auditor concerning: client’s description of the nature & current status of all outstanding & possible claims with which the lawyer has been involved client’s evaluation of the amount & likelihood of loss or gain for
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Unformatted text preview: each listed outstanding & possible claim any unlisted or potential items, or whether the status of each claim or assessment is described appropriately If an lawyer refuses to respond or refuses to provide adequate information, the audit opinion will likely be qualified for scope limitation or denied. Attorney letter: Lawyer Inquiry SAS #12...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L19 Notes_Part_2 - each listed outstanding & possible...

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