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Contingencies Discuss What a Contingency Is,the Auditor's Main Concerns About Them

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Contingencies
Discuss what a contingency is,the auditor's main concerns about them and how they are supposed to be dealt with by management and the auditor.Besides litigation,claims and assessments,what are some other types of contingencies?


Definitions:

Cohesion

The force that binds members of a group together, promoting unity, commitment, and solidarity, often contributing to group performance and satisfaction.

Small Groups

Consists of a few individuals who interact with each other directly, facilitating closer connections, more immediate feedback, and stronger influences among members.

Interpersonal Attraction

The force or interest that draws individuals together, leading to friendships, romantic relationships, or other forms of social connections.

Cohesion

The degree to which members of a group are bonded together, resulting in a sense of unity or teamwork.

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