Solved

Which of the Following Events Occurring After the Issuance of an Auditor's

Question 1008

Multiple Choice

Which of the following events occurring after the issuance of an auditor's report most likely would cause the auditor to make further inquiries about the previously issued financial statements?


A) A technological development that could affect the entity's future ability to continue as a going concern.
B) The discovery of information regarding a contingency that existed before the financial statements were issued.
C) The entity's sale of a subsidiary that accounts for 30% of the entity's consolidated sales.
D) The final resolution of a lawsuit explained in a separate paragraph of the auditor's report.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions