An independent auditor has completed substantive tests of balance sheet and income statement accounts, and now plans to begin procedures designed to determine whether there are any loss contingencies arising from litigation, claims, or assessments. Thus far, the auditor has inquired of (and discussed with) management the policies and procedures they have adopted for identifying, evaluating, and accounting for litigation, claims, and assessments.

Required: 

What procedures should the auditor follow to detect loss contingencies arising from litigation, claims, and assessments?