試題詳解

3. Which of the following audit procedures is not commonly used to search for contingent liabilities?
(A) Inquire of management (orally and in writing) about the possibility of unrecorded contingencies.
(B) Review the minutes of directors' and stockholders' meetings for indications of lawsuits or other contingencies.
(C) Review for contingent liabilities performed at the beginning and the end of the audit.
(D) Analyze legal expense for the period under audit, and review invoices and statements from legal counsel for indications of contingent liabilities.