There is a very close relationship between accounting standards and auditing standards
23
Apr
There is a very close relationship between accounting standards and auditing standards 2. Legal proceedings At the year-end, the company had made disclosure of a contingent liability. However, subsequent to the year-end (), the court found the company liable for breach of contract. The legal proceedings were issued on (some 10 days before the year-end). This is, therefore, evidence of …