ASA 5022 Audit Evidence - Specific Considerations for Litigation and Claims

question 6

Multiple Choice

ASA 502.2 Audit Evidence - Specific Considerations for Litigation and Claims states that the auditor shall obtain sufficient appropriate audit evidence regarding:

• A)the completeness of litigation and claims involving the entity.
• B)the probability of any revenue or expense arising from legal matters.
• C)the adequacy of the legal representation of the entity.
• D)all of the above.

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Definitions:

Excessive Guilt

A heightened state of feeling responsible or regretful for a perceived or real wrongdoing, often beyond what is considered rational or justified.

Psychodynamic Therapies

A group of treatments focusing on unconscious processes as they manifest in a person's present behavior, emphasizing the importance of early life experiences.

Internal Conflicts

Psychological struggles within the mind of a person, often arising from opposing desires or needs.

Behavior Therapists

Professionals who specialize in applying clinical and experimental psychological principles to modify problematic behaviors.