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Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 19
An auditor would be most likely to identify a contingent liability by obtaining a(n)
A) Accounts payable confirmation.
B) Bank confirmation of the entity's cash balance.
C) Letter from the entity's general legal counsel.
D) List of subsequent cash receipts.
A) Accounts payable confirmation.
B) Bank confirmation of the entity's cash balance.
C) Letter from the entity's general legal counsel.
D) List of subsequent cash receipts.
Explanation
Verified
Verified
Justification
The letter sent by the au...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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