Normally the initial source of information about litigation, claims, and unrecorded or contingent liabilities is:
A) management.
B) the audit committee.
C) the client's solicitors.
D) the board of directors.

Question

Quizplus · Accepted Answer

The initial source of information about litigation, claims, and unrecorded or contingent liabilities is typically management, as they are directly involved in the day-to-day operations and are likely to be the first to know about such matters.

Normally the Initial Source of Information About Litigation, Claims, and Unrecorded