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Respond to the following in a minimum of 175 words: The final phase of an audit is addressing contingent liabilities and their relation to the

Respond to the following in a minimum of 175 words:

The final phase of an audit is addressing contingent liabilities and their relation to the audit.

Discuss a review for contingent liabilities, letters from the clients lawyers and post-balance-sheet review for subsequent events. How does this apply to your chosen organization?

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