what audit opinion should be given by auditor ? is explanatory paragraph are needed and why ?

You found that your client was engaged in lawsuit in term of ownership dispute of non-current asset. According to your inquiry result with client’s attorney, you found that there is a possibility that the client will loses on the future court ruling. But the client refuses to disclose this contingent event after you persuade them.

Answer rating: 100% (QA)

Solution A contingent liability is of a liability that may arise from a future uncertain event ... View the full answer