Question: An auditor makes a note on a yearly financial report that there is a patent lawsuit. After the report is released and the audit is

An auditor makes a note on a yearly financial report that there is a patent lawsuit. After the report is released and the audit is complete, the company loses the lawsuit. If the auditor noted this as a recognized event, what would need to be done? a new letter from the auditor would need to be added no changes would need to be made the note would need to be reviewed the financial statement would need to be changed to relect the lawsuit

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