48-50

A refusal by a lawyer to furnish information related to litigation included in the letter inquiry is likely to result in: A) An adverse opinion. B) Qualification of the audit report. C) An assessment that loss of the litigation is probable. D) Confirmation of related lawsuits with the claimants. Which of the following types of association requires that accountants provide a report with no explicit assurance? A) Reviews. B) Compilations. C) Audits. D) Financial statement preparation. If the predecessor auditors do not reissue their audit report on comparative financial statements, the successor auditors should: A) Refer to the report of the predecessor auditors. B) Have the client omit the comparative financial statements. C) Reproduce the predecessor auditors' report and include it with the new set of financial statements. D) Express a qualified opinion on the comparative financial statements audited by the predecessor auditors