Tag Archives: Audit procedures

Identify 3 useful audit procedures for uncovering contingent liabilities that Johnson will likely perform in the normal conduct of the audit, even if she had no responsibility for uncovering contingencies.

Required: a. Distinguish between contingent liabilities and commitments and explain why both are important in an audit. b. Identify 3 useful audit procedures for uncovering contingent liabilities that Johnson will likely perform in the normal conduct of the audit, even if she had no responsibility for uncovering contingencies. c. Identify 3 other procedures Johnson is […]