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What procedures must the auditor perform when gathering evidence related to contingencies? Review minutes of the board of directors. Inquire of management and in-house legal
What procedures must the auditor perform when gathering evidence related to contingencies?
Review minutes of the board of directors.
Inquire of management and in-house legal counsel of any unreported contingent liabilities.
Review legal expense accounts for unexpected fluctuations.
Send accounts payable confirmations.
Perform an inventory count.
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