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mylesnagop mylesnagop
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If a potential loss on a contingent liability is remote, the liability usually is

▸ disclosed in footnotes, but not accrued.

▸ neither accrued nor disclosed in footnotes.

▸ accrued and indicated in the body of the financial statements.

▸ disclosed in the auditor's report but not disclosed on the financial statements.
Textbook 

Auditing and Assurance Services


Edition: 17th
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denitra31denitra31
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More questions for this book are available here
neither accrued nor disclosed in footnotes.

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