ACC 492 Wk 5 Discussion – Contingent Liabilities

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

The final phase of an audit is addressing contingent liabilities and their relation to the audit.

Discuss a review for contingent liabilities, letters from the client’s lawyers and post-balance-sheet review for subsequent events. How does this apply to your chosen organization?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.