In the audit of contingent liabilities, which of the following procedures would be least effective? a. Standard

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In the audit of contingent liabilities, which of the following procedures would be least effective?

a. Standard bank confirmation.

b. Analytical procedures.

c. Inquiry of management.

d. Confirmation with legal counsel.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:27 AM

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In the audit of contingent liabilities, which of the following procedures would be least effective? a. Standard

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To audit contingent liabilities an auditor must evaluate the companys potential liabilities that may arise in the future based on events that have alr...View the full answer

Auditing An Assertions Approach

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