Auditing Practice Questions:

26. T/F. Before completing the audit, it is necessary to send and receive a confirmation letter to the Client's Attorney for outstanding litigations, the result of which might impact the financial statements. 27. T/F. The accounts receivable section of the accounts department should open the incoming mails and post collections to the customer's accounts. 28. Which of the following is not required by the generally accepted auditing standards? a. Written representation b. Attorney Letter c. Management Letter d. Engagement Letter