Question: Multiple answers may be correct (a) a What procedures must the auditor perform when gathering evidence related to contingencies? Perform an inventory count. Review legal

Multiple answers may be correct (a) a What procedures must the auditorMultiple answers may be correct

(a) a What procedures must the auditor perform when gathering evidence related to contingencies? Perform an inventory count. Review legal expense accounts for unexpected fluctuations. Review minutes of the board of directors. Inquire of management and in-house legal counsel of any unreported contingent liabilities. Send accounts payable confirmations

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!