A Solicitor Limits a Response Concerning a Litigation Claim Because

question 48

Multiple Choice

A solicitor limits a response concerning a litigation claim because the solicitor is unable to determine the likelihood of a favourable outcome.Which type of opinion should the auditor express if the litigation is adequately disclosed and the range of potential loss is material in relation to the client's financial report considered as a whole?

• A)Qualified.
• B)Unmodified with an Other Matter paragraph.
• C)Unmodified with an Emphasis of Matter paragraph.
• D)Unmodified.

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Definitions:

Self-Handicapping Strategy

A cognitive strategy where individuals create obstacles or excuses to avoid self-blame in case of failure.

Tested

The past participle of test, meaning examined, evaluated, or investigated to assess quality, performance, or reliability.

Attitude

A settled way of thinking or feeling about something, often reflected in a person's behavior.

Self-Fulfilling Prophecy

An anticipation that, by directly or indirectly influencing behaviors and beliefs through a positive feedback cycle, ensures its own realization.