which of the following statements is most likely to be included in an attorney letter?

Why do auditors request responses to attorney letters from auditors?

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Which method is used to corroborate information on litigation claims and assessments?

Which of the following statements is most likely to be included in an attorney letter? a. “Certain representations in this letter are described as being limited to matters that are material.” b. “If any unasserted claims or assessments are omitted from this disclosure, please pro-vide this information directly to our auditors.” c.

Why do auditors ask for information about my attorney?

b. The attorney should comment on matters of which they are aware that were not disclosed by the entity ; c. The attorney should not limit their response to matters in which the entity has historical experience ; d. The attorney should also comment upon unasserted claims as well as asserted claims and pending or threatened litigation

What are the factors to consider in determining a lawsuit?

2. The amount of legal fees paid by the client to the attorney. 1. Yes 2. No. Auditors, as part of completing the audit, will request the client to send a letter of inquiry to those attorneys the company has been consulting with during the year under audit regarding legal matters of concern to the company.

What information is typically requested in a legal letter to an entity's attorney?

Which of the following substantive procedures would auditors most likely perform to obtain evidence about the occurence of subsequent events?

Which of the following best describes the role of analytical procedures at the end of the audit engagement?

Which of the following is an objective of the auditor in obtaining written representation from management?

Which of the following procedures would an auditor most likely perform?

Which of the following procedures would an auditor most likely perform to obtain?

Which of the following is typically the auditors initial procedure performed to identify litigation claims and assessments?

How is the auditors responsibility for expressing the opinion on financial statements disclosed in the standard unmodified report for a nonpublic company?

What is the primary purpose of obtaining written representations?

What is an ISA 260 letter?

Which of the following matters would an auditor most likely include in a management representation letter?

What are written representations in auditing?

When preparing a standard inquiry of client's attorney letter, should the client's letterhead be used?

In a standard inquiry of client's attorney letter, the attorney is requested to communicate about contingencies up to the balance sheet date.

What is the auditor's responsibility for reviewing the subsequent events of a public company?

The auditor's responsibility for "reviewing the subsequent events" of a public company that is about to issue new securities is normally limited to the period of time: beginning with the balance sheet date and ending with the date the registration statement becomes effective.

When using the probability threshold for contingencies, the likelihood of the occurrence of the event is classified as: "

When using the probability threshold for contingencies, the likelihood of the occurrence of the event is classified as: remote, reasonably possible, or probable. When dealing with contingencies:

Can subsequent events be used to evaluate the amounts included in the statements?

Yes. Whenever subsequent events are used to evaluate the amounts included in the statements, care must be taken to distinguish between conditions that existed at the balance sheet date and those that come into being after the balance sheet date. The subsequent information should not be incorporated directly into the statements if ...

What is a management letter of representation?

management letter of representation. Current professional auditing standards require the performance of analytical procedures during the planning and completion phases of the audit. Current professional auditing standards mandate the use of analytical procedures during the testing phase of the audit.

What happens if a client refuses to sign a letter of representation?

If the client refuses to prepare and sign a letter of representation, the auditor would be required to issue either a qualified opinion or a disclaimer of opinion. T/F. True. Because a management representation letter is a written statement from a nonindependent source, it cannot be regarded as reliable evidence.

What is the responsibility of an auditor after the balance sheet date?

True. The auditor has a responsibility to review transactions and activities occurring after the balance sheet date to determine whether anything occurred that might affect the statements being audited. The procedures required to verify these transactions are commonly referred to as the review for: subsequent events.

What is character letter in federal criminal cases?

Character letters for a judge requesting a lower sentence for a defendant are a mainstay of federal criminal cases. This is because most federal judges limit the number of live witnesses, but will receive and review almost any number ...

How to convey that the defendant is much more than a defendant?

How do you convey that the defendant is much more than a “defendant?”. The best way to do this is to tell a story about the defendant. Give specific examples. For example, instead of saying the defendant is generous and kind-hearted, give the judge an example of an instance when the defendant showed these attributes.

How to write a letter to a judge?

First, the author of the letter should tell the judge how they know the defendant. Use the first paragraph to build credibility and answer the following questions: 1 How long have you known the person? 2 How did you come to know the person – professionally, family, as a community member, etc? 3 If you know the person professionally, this is a good place to add your position or role that allowed you to get to know the defendant.

What should a character letter to a judge be?

A character letter to a judge should establish your credibility, paint a full picture of the defendant and be respectful, among other things. Here’s nine tips for writing the most persuasive character letter possible.

Can a judge read a letter?

Most courts will accept copies of electronically delivered letters, but be sure to check with the attorney first. Remember that judges read hundreds of letters. The easier you make it for the judge to read, the most likely the judge will be able to focus on the message you are trying to convey.

Why do judges need character letters?

This is because most federal judges limit the number of live witnesses, but will receive and review almost any number of support or character letters.