When obtaining evidence regarding litigation against a client, the auditor would be least interested in determining:
A)an estimate of when the matter will be resolved.
B)the period in which the underlying cause of the litigation occurred.
C)the probability of an unfavourable outcome.
D)an estimate of the potential loss.

Question

Quizplus · Accepted Answer

The auditor would be least interested in determining an estimate of when the matter will be resolved because their primary concern is assessing the financial impact and disclosure requirements of the litigation, not the timing of the resolution.

When Obtaining Evidence Regarding Litigation Against a Client, the Auditor