Entity had litigation pending at date of financial statement

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Reference no: EM13827058

If an entity had litigation pending at the date of the financial statements and auditors learn of the outcome of this litigation following the date of their report (but prior to the audit report release date), this is known as a(n)

a) omitted procedures

b) prior period adjustment

c) subsequent event

d) subsequently discovered fact

Reference no: EM13827058

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