Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?

Finance

Are you having trouble answering the question “Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?

A. “I believe that the possible liability to the company is nominal in amount.”
B. “I believe that the action can be settled for less than the damages claimed.”
C. “I believe that the plaintiff’s case against the company is without merit.”
D. “I believe that the company will be able to defend this action successfully.”

Answer: “I believe that the action can be settled for less than the damages claimed.”

We hope you have got the correct answer to your question “Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?

Finance

Are you having trouble answering the question “Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?

A. “I believe that the possible liability to the company is nominal in amount.”
B. “I believe that the action can be settled for less than the damages claimed.”
C. “I believe that the plaintiff’s case against the company is without merit.”
D. “I believe that the company will be able to defend this action successfully.”

Answer: “I believe that the action can be settled for less than the damages claimed.”

We hope you have got the correct answer to your question “Which of the following statements extracted from an entity’s lawyer’s letter concerning litigation, claims, and assessments most likely would cause the auditor to request clarification?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.