True/False
If subsequent to the issuance of an audit report and financial statements facts comes to the auditor's attention that would have materially affected the audit report and the financial statements had those facts been known at the time,then the auditor should ask the client to inform regulatory agencies and users not to rely on the financial statements and to reissue those financial statements.
Correct Answer:

Verified
Correct Answer:
Verified
Q64: Which one of the following items would
Q65: A response from the client's attorney concerning
Q66: The GAO defines a high quality audit
Q67: If the auditor concludes that there may
Q68: ASC 450 (previously SFAS No.5,"Accounting for Contingencies")requires
Q70: An additional partner review of the audit
Q71: The refusal of an attorney who provided
Q72: During the course of an audit,immaterial misstatements
Q73: Which of the following is the best
Q74: Threatened litigation is an example of a