The primary reason an auditor requests that letters of inquiry be sent to a client's attorney is to provide the auditor with     A description and evaluation of litigation, claims, and assessments that existed at the balance sheet date The attorneys' opinions of the client's historical experiences in recent similar litigation, The probable outcome of asserted claims and pending or threatened litigations Corroboration of the information furnished by management about litigation, claims, and assessments

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Q: How did you calculate cash flow to stockholders? How did you calculate beginning and ending equity?

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Q: Save the​ GST

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Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.