Solved

After Issuance of the Auditor's Report,the Auditor Has No Obligation

Question 7

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 that report unless


A) A final resolution of a contingency that had resulted in a qualification of the auditor's report is made.
B) A development occurs that may affect the client's ability to continue as a going concern.
C) An investigation of the auditor's practice by a peer review committee ensues.
D) New information is discovered concerning undisclosed related party transactions of the previously audited period.

Correct Answer:

verifed

Verified

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

Related Questions