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mylesnagop mylesnagop
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2 years ago
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

Auditing and Assurance Services


Edition: 17th
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denitra31denitra31
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2 years ago
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mylesnagop Author
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2 years ago
You make an excellent tutor!
djeghri
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Yesterday
Good timing, thanks!
kobbhy
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2 hours ago
Thank you, thank you, thank you!
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