Multiple Choice
Which of the following types of information is not a type of evidence that the auditor should obtain concerning contingencies?
A) Information about major contracts in which contingencies may be present.
B) Documentation of communication with internal and external legal counsel of the client.
C) Accounts receivable confirmations.
D) Documentation of contingent liabilities contained in corporate minutes,correspondence from governmental agencies,and bank confirmations.
Correct Answer:
Verified
Correct Answer:
Verified
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