ATTORNEY'S LETTER Definition

ATTORNEY'S LETTER is signed by the client's lawyer and addressed to the auditor It is the auditor's primary means to corroborate information furnished by management about litigation, claims, and assessments.

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DETECTION RISK is the risk that audit procedures will lead to a conclusion that material error does not exist when in fact such error does exist.

BRADY BONDS were issued by the Mexican government as part of its 1990 debt restructuring. Named after James Brady.

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