When auditing contingent liabilities , which of the management assertions discussed in professional auditing standards are of

Question:

When auditing , which of the management assertions discussed in professional auditing standards are of primary concern to an auditor? Explain.

Contingent liabilities
A contingent liability is an obligation of business related to an uncertain future event. The business must record it in its financial statements if the amount can be reliably estimated and it is probable that amount will be paid by business as a...