You have been assigned the task to audit legal expenses for the recent year. The client prepares

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You have been assigned the task to audit legal expenses for the recent year. The client prepares a schedule of all recorded legal expenses and presents the schedule to you for your audit work. You note that the amount on the schedule agrees with the amounts shown in the general ledger.

Required
a. Explain why the auditor should always examine legal expense as a part of the audit.
b. Identify the audit procedures that should be utilized in examining legal expenses.

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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