Question: To identify possible contingent liabilities, the auditor usually will: a. consider whether information obtained in other audit areas indicate the possibility of a contingent liability

To identify possible contingent liabilities, the auditor usually will: 


a. consider whether information obtained in other audit areas indicate the possibility of a contingent liability 


b. review internal revenue agent reports 


c. review minutes of the board of directors and audit committee 


d. perform all of the above procedures

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