ABC Company Prepares Financial Statements Showing the Last Two Years,years

Multiple Choice

ABC Company prepares financial statements showing the last two years,years X and Y (Year X is the year prior to year Y) .The auditor performed an audit of year X and a review of year Y.The auditor may

A) report on the year Y review and reissue the year X audit report.
B) provide only the report concerning the year Y review.
C) reissue the year X audit report with an explanatory paragraph disclosing that only a review was performed on year Y.
D) notify the client that prior year audited financial statements cannot be presented when the current years statements have not been audited.