Besides the Search for Contingent Liabilities and the Review for Subsequent

question 111

Essay

Besides the search for contingent liabilities and the review for subsequent events,the auditor has four important final evidence accumulation responsibilities,all of which are required by current professional auditing standards.Discuss each of these four responsibilities.

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Definitions:

Perceived Strengths

The qualities or attributes believed to be strong or advantageous, whether personally or within an organization.

Perceived Weaknesses

are flaws or vulnerabilities that others believe a person, group, or entity possesses, which may or may not accurately reflect their actual weaknesses.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Orientation

Refers to the direction or manner of someone's interests, feelings, or actions.