Which of the following events occurring after the issuance of a set of financial statements and the accompanying auditor's report would be most likely to cause the auditor to make further inquiries about the financial statements?
- A technological development in the industry that could affect the entity\'s further ability to continue as a going concern.
- The entity\'s sale of a subsidiary that accounts for 30 percent of the entity\'s consolidated sales.
- The discovery of information regarding a contingency that existed before the financial statements were issued.
- The final resolution of a lawsuit explained in a separate paragraph of the auditor\'s report.
Accounting
C. The discovery of information regarding a contingency that existed before the financial statements were issued.
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