Question: If a contingent liability is only a possible liability, why might not disclosing contingent liabilities constitute financial statement fraud? What are some documentary symptoms of

  1. If a contingent liability is only a possible liability, why might not disclosing contingent liabilities constitute financial statement fraud?
  2. What are some documentary symptoms of contingent liabilities that should be recorded?
  3. What are the four kinds of analysis that can be used in searching for analytical fraud symptoms?

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