When evaluating the impact of potential litigation, an auditor of a nonissuer should obtain audit evidence about

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When evaluating the impact of potential litigation, an auditor of a nonissuer should obtain audit evidence about each of the following, except

A. The period in which the underlying cause for legal action occurred.

B. The probability of an unfavorable outcome.

C. The probability that the matter will require a trial in court.

D. The amount or range of potential loss.

Related Book For answer-question

Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Posted Date: Feb 09, 2023 01:39 AM

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When evaluating the impact of potential litigation, an auditor of a nonissuer should obtain audit evidence about

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Auditing and Assurance services an integrated approach

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