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Auditing

Lecture 9

Inventory, litigation and claims, external confirmations, opening balances, subsequent events, and sampling methods.

Question 6 of 41

How does the auditor obtain evidence regarding litigation and claims from the entity's external legal counsel?

Pick one: press 1-4 on your keyboard or click an option.
A

Through management representation only

B

Through a letter of inquiry prepared by management and sent by the auditor

C

Through verbal inquiry only

D

Through confirmation from the bank