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Which the primary reason why an auditor request

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Reference no: EM132756869

Problem 1: The primary reason why an auditor request that letters of inquiry be sent to the client's legal counsel is to provide the auditor with

a. A description and evaluation of litigation, claims, and assessments that existed at the balance sheet date of.

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

c. An expert opinion as to whether a loss is possible, probable, or remote

d. The opportunity to examine the documentation concerning litigation, claims and assessments

Problem 2: An auditor accepted an engagement to audit the 2019 financial statements of DRL Corporation and began the fieldwork on September 30, 2019. DRL gave the auditor the 2019 financial statements on January 7, 2020. The auditor completed the fieldwork and simultaneously obtains approval of the financial statements by the management on February 10, 2020. The auditor delivered the report on February 16, 2020. The management representation letter should normally be dated:

a. February 16, 2020

b. December 31, 2019

c. February 10, 2020

d. January 7, 2020

Reference no: EM132756869

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