Multiple Choice
After issuance of the auditor's report,the auditor has no obligation to make any further inquiries with respect to audited financial statements covered by an auditor's report unless
A) A lawsuit in which risk of loss was considered remote is resolved in the company's favor.
B) A development occurs that may affect the client's ability to continue as a going concern.
C) A material fraud is initiated by an employee after the report is issued.
D) Evidence of significant, non-arms-length, related party transactions that happened prior to year-end is discovered.
Correct Answer:

Verified
Correct Answer:
Verified
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