Audit Procedures Businesses Often Have Litigation Against Them That the Auditor

Essay

Audit procedures Businesses often have litigation against them that the auditor has to identify and adequately disclose.List the financial assertions that apply to Contingencies.For each assertion indicate two or three audit procedures that would address that assertion. Organize you answer as follows:
Financial statement assertion $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Audit procedure(s)