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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 40
Attorney Letters and Litigation-Internet Exercise. From the SEC's website (http://www.sec.gov), access any company's 10-K and review its footnote disclosures related to pending litigation.
Required:
a. Briefly summarize the nature of pending litigation facing the company you selected.
b. From the auditors' perspective, what is the primary concern with respect to the disclosure of pending litigation?
c. Identify the responsibility of the company, the auditor, and its attorneys with respect to the presentation and disclosure of this pending litigation.
d. What information included in the disclosure you selected would have been included in attorney letters? What is the attorney's responsibility with respect to this information?
Required:
a. Briefly summarize the nature of pending litigation facing the company you selected.
b. From the auditors' perspective, what is the primary concern with respect to the disclosure of pending litigation?
c. Identify the responsibility of the company, the auditor, and its attorneys with respect to the presentation and disclosure of this pending litigation.
d. What information included in the disclosure you selected would have been included in attorney letters? What is the attorney's responsibility with respect to this information?
Explanation
Verified
Verified
From the SEC's website, Form 10-K of Dol...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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