Your audit discloses a lawsuit pending against your client, Neece Corporation, on a patent owned by Neece which the client's attorney is hopeful of winning. The patent is 70 percent amortized and the book value of the patent is \($1,500.\) Neece's total net assets are \($700,000.\) However, this patent is the major income-producing asset of the company. Would you mention this contingency in your audit report? If so, how?