Sas 23 on provision contingent liabilities and contingent asset?

Provision made for known or specified liabilities which may occur in future is provision for liabilities whereas Contingent liabilitiy is provision made for unknown liabilities which may or may not...

A contingent liability is: (a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events...

A potential liability that arises from a past transaction and is dependent on a future event.

Contingent Liability is a current liability in most cases, but there is possibility for non-current contingent liability as well.

Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event