You and your team have completed your fieldwork and have ahandful of other considerations before you compete the audit andissue your report. These activities are designed to ensure nothingsignificant has occurred between the completion of your fieldworkand the issuing of the audit report. You are assigned as a senioron the staff, in line to be promoted to manager, to instruct theother staff on the importance of considering contingentliabilities, letters from client lawyers, and subsequent events.Create a 10- to 12-slide presentation for the staff. Explain theimportance of reviewing for contingent liabilities and subsequentevents. Describe the requirements for reviewing for contingentliabilities and subsequent events.
