Which of the following is not one of the four general stages in the initiation and disposition of audit-related disputes?

Question

Quizplus · Accepted Answer

Discovery of fraud subsequent to issuance of the audit report is not considered one of the four general stages in the initiation and disposition of audit-related disputes. The typical stages include the occurrence of a condition leading to financial statement users incurring losses, the recognition of these losses by the users, the decision to seek redress through legal means, and finally, the resolution of the dispute through legal or other means. Discovering fraud subsequent to the audit report's issuance might be a trigger for disputes but is not categorized as a general stage in the process.

Which of the Following Is Not One of the Four