[The following paragraph was issued in March 1977. It was amended as a result of the adoption of Auditing Standard No. 5, effective for audits of fiscal years ending on or after November 15, 2007. See PCAOB Release 2007-005A.

[ Return to the current version.]

AU 9337.04

Question—The illustrative form of audit inquiry letter included in the Appendix [section 337A] to section 337, Inquiry of a Client's Lawyer Concerning Litigation, Claims, and Assessments, requests a response as to matters that existed at the balance sheet date and during the period from that date to the date of the response. What is the relationship between the effective date of the lawyer's response and the date of the auditor's report, which is generally the date of the completion of field work?

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