Multiple Choice
Rock School,Inc.has a matter of material litigation that is threatened,but that has not gone to trial.The auditor's consideration of such a matter will most likely include all of the following except
A) sending a letter to the client's attorneys for more information.
B) discussions of the matter with the client and their insurance adjuster.
C) confirmation with the harmed party regarding the amount that will be claimed.
D) assessment of whether accrual or disclosure by the client may be required in accordance with ASC 450 (SFAS No.5) .
Correct Answer:
Verified
Correct Answer:
Verified
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