An Auditor Should Obtain Evidential Matter Relevant to All the Following

question 77

Multiple Choice

An auditor should obtain evidential matter relevant to all the following factors concerning third-party litigation against an entity except the:

• A)period in which the underlying cause for legal action occurred.
• B)probability of an unfavorable outcome.
• C)jurisdiction in which the matter will be resolved.
• D)existence of a situation indicating an uncertainty as to the possible loss.

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Definitions:

Pluralism

A concept in sociology and political science that acknowledges a diverse society where multiple groups maintain their independent cultural traditions.

High-context

A communication style where most of the information is either in the physical context or internalized in the person, with very little in the coded, explicit part of the message.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture.

Complete

Fully finished or containing all the necessary or appropriate parts.