Businesses often have litigation against them that the auditor has to identify and adequately disclose. List the
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Question:
Businesses often have litigation against them that the auditor has to identify and adequately disclose. List the financial assertions that apply to Contingencies. For each assertion indicate two or three audit procedures that would address that assertion.
Organize you answer as follows:
Financial statement assertion | Audit procedure(s) |
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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