What procedures must the auditor perform when gathering evidence related to contingencies? (Several choices may be correct.) O Send accounts payable confirmations O Inquire of management and in-house legal counsel of any unreported contingent liabilities O Review minutes of the board of directors O Review legal expense accounts for unexpected fluctuations O Perform an inventory count
What procedures must the auditor perform when gathering evidence related to contingencies? (Several choices may be correct.) O Send accounts payable confirmations O Inquire of management and in-house legal counsel of any unreported contingent liabilities O Review minutes of the board of directors O Review legal expense accounts for unexpected fluctuations O Perform an inventory count
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates
Section: Chapter Questions
Problem 36CYBK
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