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An auditor should obtain evidential matter relevant to all the following factors concerning third-party litigation against a client except the:

A. Period in which the underlying cause for legal action occurred.

B. Probability of an unfavorable outcome.

C. Jurisdiction in which the matter will be resolved.

D. Existence of a situation indicating an uncertainty as to the possible loss.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942637

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