Which of the Following Types of Information Is Not a Type

question 111

Multiple Choice

Which of the following types of information is not a type of evidence that the auditor should obtain concerning contingencies?

• A)Information about major contracts in which contingencies may be present.
• B)Documentation of communication with internal and external legal counsel of the client.
• C)Accounts receivable confirmations.
• D)Documentation of contingent liabilities contained in corporate minutes,correspondence from governmental agencies,and bank confirmations.

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Definitions:

Observable Behavior

Actions or reactions of an organism or system that can be seen and measured directly, rather than inferred through internal processes.

Outside Stimuli

External factors or influences that can elicit a response or reaction from an organism or system.

Behavioral Perspective

The approach suggesting that the keys to understanding development are observable behavior and outside stimuli in the environment.

Developmental Periods

Phases in the life cycle characterized by specific developmental tasks, milestones, or changes.