An Auditor Will Ordinarily Examine Invoices from Solicitors Primarily in Order

question 30

Multiple Choice

An auditor will ordinarily examine invoices from solicitors primarily in order to:

• A)substantiate accruals.
• B)assess the legal ramifications of litigation in progress.
• C)estimate the dollar amount of contingent liabilities.
• D)identify possible unasserted litigation, claims and assessments.

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Definitions:

Dual Relationships

Occur when a professional enters into another kind of relationship with a client, which can lead to conflicts of interest and ethical concerns.

Risk of Exploitation

Refers to the potential for individuals to be taken advantage of or harmed, often in vulnerable situations or through unequal power dynamics.

Competence

The ability to do something successfully or efficiently, often referring to a specific skill or set of skills.

Social Worker

A professional dedicated to helping individuals, families, and communities to overcome challenges and improve their well-being and quality of life through various forms of assistance.