Faye Jaworski, CPA is auditing the financial statements of Fulbright Company. As she is nearing the audit completion date, Jaworski realizes that she needs to wvaluate whether all material contingencies are properly accountes for and disclosed in Fulbright's financial statements. Because of its size, Fulbright has retained external counsel (Vinson, LLP) to handle its various legal matters.

List and discuss two common procedures that Jaworski will perform with respect to Fulbright's litigation, claims, and assessments.