Why should the auditor be concerned with commitments and contingencies, since no amounts are shown for them

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Why should the auditor be concerned with commitments and contingencies, since no amounts are shown for them in the financial statements?

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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 01:28 AM

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Why should the auditor be concerned with commitments and contingencies, since no amounts are shown for them

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Auditors are concerned with commitments and contingencies because they can have significant implications for a companys financial health and future op...View the full answer

Auditing An Assertions Approach

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