TECHNICAL ALERTSCOPEOBJECTIVES OF AU-C 501DEFINITION OF TERMREQUIREMENTS—INVESTMENTS IN SECURITIES AND DERIVATIVE INSTRUMENTSREQUIREMENTS—INVENTORY EXISTENCE AND CONDITIONAU-C 501 ILLUSTRATIONS—INVENTORY OBSERVATIONREQUIREMENTS—LITIGATION, CLAIMS, AND ASSESSMENTS INVOLVING THE ENTITYAU-C 501 ILLUSTRATION—LITIGATION, CLAIMS, AND ASSESSMENTSREQUIREMENTS—SEGMENT REPORTINGREQUIREMENTS—MANAGEMENT'S SPECIALIST