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acc562 week 8 discussion 1

acc562 week 8 discussion 1 - Auditor's Report What is the...

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Auditor's Report What is the effect on the auditor’s report of a lawyer’s refusal to furnish the information requested in the letter of audit inquiry? According to the paragraph 13 of AU Section 337, “ a lawyer's refusal to furnish the information requested in an inquiry letter either in writing or orally would be a limitation on the scope of the audit sufficient to preclude an unqualified opinion”. That is, when the client’s lawyer refuses to furnish the information requested, the auditor is faced with a scope limitation and should issue a qualified opinion or disclaimer of opinion. A letter of audit inquiry to the client's lawyer is the auditor's primary means of obtaining
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