Multiple Choice
Normally the initial source of information about litigation, claims, and unrecorded or contingent liabilities is:
A) the board of directors.
B) the client's solicitors.
C) the audit committee.
D) management.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Analytical procedures are used in the overall
Q6: ASA 502.2 Audit Evidence - Specific Considerations
Q8: An existing condition, situation or set of
Q9: During the final review of the working
Q17: In working with the minutes of meetings
Q21: Legal precedent requires the auditor to report
Q24: The management representation letter will not normally
Q28: Contrast the roles of audit managers and
Q30: The representation letter to a lawyer provides
Q41: The manager's review of the working papers