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    • CHAPTER 22 COMPLETING THE AUDIT
    • CONTINGENT LIABILITIES
      • CONTINGENT LIABILITIES
        • LIKELIHOOD OF OCCURRENCE
        • MEASUREMENT
        • EXAMPLES
      • AUDIT PROCEDURES
          • INQUIRE OF MANAGEMENT
          • REVIEW TAX RETURNS
          • REVIEW MINUTES
          • ANALYZE LEGAL EXPENSE
          • LEGAL REP LETTER
      • INQUIRY OF ATTORNEYS
        • CORROBORATION OF MANAGEMENT REPRESENTATIONS
          • LIST OF MATERIAL PENDING LITIGATION
          • LIST OF MATERIAL UNASSERTED CLAIMS
          • REQUEST THAT ATTORNEY COMMENT ON PROGRESS OR LIKELY OUTCOME
          • REQUEST FOR UNLISTED LITIGATION
          • STATEMENT BY CLIENT RE ATTORNEY RESPONSIBILITY TO NOTIFY MANAGEMENT OF LITIGATION REQUIRING DISCLOSURE
          • LIMITATIONS IN RESPONSE
        • LIMITED OR NONRESPONSE
      • REVIEW FOR SUBSEQUENT EVENTS
        • DEFINITION OF SUBSEQUENT EVENTS
        • TYPES OF SUBSEQUENT EVENTS
          • TYPE 1 – DIRECT EFFECT ON FINANCIAL STATEMENTS AND REQUIRE ADJUSTMENT
            • ADDITIONAL KNOWLEDGE ABOUT EVENT EXISTING AT BALANCE SHEET DATE
              • SETTLEMENT OF LAWSUIT
              • COLLECTION OF RECEIVABLES
          • TYPE 2 – NO DIRECT EFFECT BUT ADVISE DISCLOSURE
            • EVENTS OCCURRING AFTER BALANCE SHEET DATE THAT HAVE MATERIAL EFFECT ON CLIENT
              • MERGER
              • NATURAL DISASTER
              • DEBT RESTRUCTURE
        • AUDIT TESTS
          • INQUIRE OF MANAGEMENT
          • CORRESPOND WITH ATTORNEYS
          • REVIEW SUBSEQUENT INFORMATION
            • REVIEW INTERNAL STATEMENTS
            • REVIEW RECORDS
          • REVIEW MINUTES
          • REPRESENTATION LETTER
        • DUAL DATING AUDIT REPORT
      • FINAL EVIDENCE GATHERED
        • ANALYTICAL REVIEW
        • EVALUATE GOING CONCERN
        • CLIENT REPRESENTATION LETTER
      • EVALUATE RESULTS
        • SUFFICIENCY OF EVIDENCE
        • EVIDENCE SUPPORTS OPINION
        • WORKING PAPER REVIEW
        • INDEPENDENT REVIEW
      • COMMUNICATIONS WITH CLIENT
        • FRAUD AND ILLEGAL ACTS
        • REPORTABLE CONDITIONS
        • OTHER COMMUNICATIONS WITH AUDIT COMMITTEE
          • AUDITOR’S RESPONSIBILITIES UNDER GAAS
          • SIGNIFICANT ACCOUNTING POLICIES
          • SIGNIFICANT ADJUSTMENTS MADE
          • DISAGREEMENTS WITH MANAGEMENT
          • DIFFICULTIES ENCOUNTERED
        • MANAGEMENT LETTER
      • SUBSEQUENT DISCOVERY OF FACTS