CAS 501 Audit Evidence - Specific Considerations for Specific Items requires an auditor to gather sufficient appropriate audit evidence regarding any legal matters involving their client. How can auditors gather such evidence and what impacts can legal matters have on the client's financial statements?

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The Answer of CAS 501 Audit Evidence - Specific Considerations for Specific Items requires an auditor to gather sufficient appropriate audit evidence regarding any legal matters involving their client. How can auditors gather such evidence and what impacts can legal matters have on the client's financial statements?