a. 3. Which of the following items does the auditor ask the client to send to its legal cou information about asserted claims? A letter of audit inquiry. b. A management representation letter. c. A management letter. d. A loss reserve confirmation, a. 4. Which of the following items is not typically requested from the lawyer of a compa contingencies? Any limitations on the lawyer's response such as not devoting substantial attention to the item or that the amounts are not material, b. Information about the attorney's other clients with similar contingencies A description of each contingency, as well as progress and action that the company plans to take. d. A comment on the completeness of management's list of contingencies and an evaluation a 5. Which of the following is not an indicator of a potential going-concern problem? Negative trends in profitability 6. External matters increasing regulatory requirements. Significant changes in competition d. Current ratio below 3.0 C