An auditor would be most likely to identify a contingent liability by obtaining a(n) a. Accounts payable

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An auditor would be most likely to identify a contingent liability by obtaining a(n)

a. Accounts payable confirmation.

b. Bank confirmation of the client's cash balance.

c. Letter from the entity's general legal counsel.

d. List of subsequent cash receipts.

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Auditing And Assurance Services

ISBN: 9780073527086

7th Edition

Authors: William MessierSteven Glover

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Question Posted: May 07, 2024 07:00 AM

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An auditor would be most likely to identify a contingent liability by obtaining a(n) a. Accounts payable

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c Letter from the entitys general legal counsel Contingent liabilities are potential liabilities ...View the full answer

Auditing And Assurance Services

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