Explain what is meant by contingencies. Give an example of a contingency, and discuss its appropriate disclosure

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Explain what is meant by “contingencies.” Give an example of a contingency, and discuss its appropriate disclosure in the financial statements.

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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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Question Posted: Dec 17, 2015 06:35 AM

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Explain what is meant by contingencies. Give an example of a contingency, and discuss its appropriate disclosure

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A contingency is an unusual uncertainty affecting an entity in ...View the full answer

Auditing The Art and Science of Assurance Engagements

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