[43] In an audit of contingent liabilities, an auditor should A. Send confirmations to related parties because they are more likely to disclose a contingent liability than unrelated parties. B. Verify that general business risks have properly resulted in accrual of contingent liabilities. C. Send an inquiry letter to the client's legal counsel because the letter is the primary means to corroborate representations of management. D. Verify that contingent liabilities are disclosed in notes to the financial statements but not accrued when they are probable and capable of reasonable estimation. I [30] Which assertion is least relevant when the auditor is testing intangible assets? A. The intangible assets are owned by the client. B. All intangible asset transactions are included in the financial statements. C. The intangible assets listed in the financial statements exist. D. All purchases of intangible assets have been approved by the board of directors