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During the audit of Smithfield Corporation, the auditors, Deerfield CPAs are preparing to draft and send a legal letter as part of the audit process.
During the audit of Smithfield Corporation, the auditors, Deerfield CPAs are preparing to draft and send a legal letter as part of the audit process. Which of the following most accurately describes the purpose and recipient of the letter? The auditors often send the legal letter to the client's management, who then forward the letter on to the appropriate counsel. Because the client and the client's counsel have a privileged relationship, the auditor is not allowed to request details of pending cases, only litigated cases. The auditors typically send the legal letter to the client's internal audit function, who then return the letter with all pertinent details of pending lawsuits. The auditors generally send the legal letter to the client's in-house and/or external counsel, to obtain information about litigation affecting the client
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