When Obtaining Evidence Regarding Litigation Against a Client, the Auditor

question 18

Multiple Choice

When obtaining evidence regarding litigation against a client, the auditor would be least interested in determining:

• A)an estimate of when the matter will be resolved.
• B)the period in which the underlying cause of the litigation occurred.
• C)the probability of an unfavourable outcome.
• D)an estimate of the potential loss.

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Definitions:

Feared Situation

A scenario or setting that induces a heightened state of fear or anxiety in an individual.

Beck's Cognitive Therapy

A form of psychotherapy developed by Aaron T. Beck that identifies and helps change negative thought patterns and behaviors.

Illogical Thoughts

Thinking patterns that are irrational or lack sound reasoning.

Cognitive Therapy Technique

A form of psychotherapy that aims to change negative patterns of thinking or behavior to alter a person's mood and coping strategies.