Question: 7 . Review the response received from the client s attorney for information related to contingencies. Document issues related to ongoing or pending litigation. CA
Review the response received from the clients attorney for information related to contingencies. Document issues related to ongoing or pending litigation.
CAprovide responses below
Matters related to ongoing litigation:
Matters related to pending litigation:
Review the minutes of the board of directors meeting for subsequent events affecting the current year financial statements. Note items for followup during next years audit.
CAprovide responses below
Notes regarding subsequent events affecting the current year financial statements:
Prepare a memo to summarize your assessment of the validity of the going concern assumption for Chateau Americana.
CAprovide response below
Comments:
Document matters to be included in the current years management representation letter.
CAprovide response below
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