Pretty People Incorporated Is the Defendant in a Pending Discrimination

question 32

Essay

Pretty People Incorporated is the defendant in a pending discrimination lawsuit. What information about the lawsuit would you, as an auditor, need to know to decide whether to disclose the litigation in the financial statements?

---

Definitions:

Square Brackets

Punctuation marks used to enclose textual material or denote ordered lists or modifications within quotations; not to be confused with parentheses.

Calculations

The act of calculating the outcome of a mathematical or logical formula.

AutoSum Button

A functionality within spreadsheet software that automatically computes the total for a specified group of cells.

Formula

A predefined mathematical equation used in spreadsheets or other applications to perform calculations or data manipulation.