The ultimate outcome of the litigation cannot presently be determined

The ultimate outcome of the litigation cannot presently be determined

Discovery https://media.gettyimages.com/photos/television-personality-dorothy-wang-arrives-at-chateau-nightclub-at-picture-id468001920″ alt=”sitios de citas mayores de 50″> proceedings are in progress

32. An explanatory paragraph following an opinion paragraph that describes an uncertainty follows: As discussed in Note X to the financial statements, the company is a defendant in a lawsuit alleging infringement of certain patent rights and claiming damages. What type of opinion should the auditor express in this circumstance? a. unqualified b. (more…)

Continue ReadingThe ultimate outcome of the litigation cannot presently be determined