In the Course of the Examination of Financial Statements for the Purpose

Multiple Choice

In the course of the examination of financial statements for the purpose of expressing an opinion,the auditor normally prepares a schedule of unadjusted differences for which the auditor did not propose adjustments when they were discovered.What is the primary purpose of this schedule?

A) To point out to the responsible client officials the errors made by various company personnel.
B) To summarize the adjustments that must be made before the company can prepare and submit its federal tax return.
C) To identify the potential financial statement effects of errors or disputed items that were considered immaterial when discovered.
D) To summarize the errors made by the company so that corrections can be made after the audited financial statements are released.