Q:

Generally, loss contingencies that are judged to be remote:

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:17| Question number:17.44

Ibrahimhamm

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2022-07-02

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Generally, loss contingencies that are judged to be remote:

Should be disclosed in the footnotes
Should be recorded in the financial statements
Should not be disclosed in the footnotes
Should be recorded in the financial statements and the footnotes

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Ibrahimhamm

2022-07-02

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C. Should not be disclosed in the footnotes

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