Which of the following would not be considered confidential information obtained in the course of an engagement
Question:
a. Information about whether a consulting client has paid the CPA’s fees on time.
b. The actuarial assumptions used by a tax client in calculating pension expense.
c. Management’s strategic plan for next year’s labor negotiations.
d. Information about material contingent liabilities relevant for audited financial statements
Contingent liabilities
A contingent liability is an obligation of business related to an uncertain future event. The business must record it in its financial statements if the amount can be reliably estimated and it is probable that amount will be paid by business as a...
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
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