Kendra is inquiring about subsequent events with regards to lawsuits and contingent claims.To obtain a meaningful answer,Kendra should hold the enquiry with
A)in-house legal counsel.
B)the accountant in charge of the legal liability reconciliation.
C)the mail clerk.
D)the assistant controller.

Question

Quizplus · Accepted Answer

In-house legal counsel are the appropriate professionals to provide information about subsequent events related to lawsuits and contingent claims. They are the ones who have expertise in legal matters and have all the necessary information about the current status of the lawsuits and contingent claims. Other professionals such as the accountant, mail clerk, and the assistant controller may not have the relevant knowledge and experience to provide accurate and up-to-date information about lawsuits and contingent claims.

Kendra Is Inquiring About Subsequent Events with Regards to Lawsuits