If an auditor becomes aware of a fact that may materially affect the financial report after the

Question:

If an auditor becomes aware of a fact that may materially affect the financial report after the date of the auditor’s report but before the financial report is issued, the auditor should:

(a) Discuss the matter with management.

(b) Take the action appropriate in the circumstances.

(d) All of the above.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

See More Books

Question Posted: Nov 08, 2023 09:06 AM

See More Questions

Using a Web search engine, visit one of the popular disaster recovery/business continuitysites, such as www.disasterrecoveryworld.com, www.dri.com, www.drie.org, www.dril.org, orcsrc.nist.gov. Search...
Determine the nominal flexural strength Mn and the design flexural strength oMn for the shown beam section. fc' =22MPa, fy=420 MPa,type of section after find the design load. 50 cm 30 cm 10016 Wu 5m...
3. Show that if A and B sets then A - B = ANB (Note that: Using Venn Diagram is not accepted!) 4. Prove that if m and n are positive integers and x is a real number, then [x]+] = [x+] m m
If an object is dropped from a height h, then the time t required for the object to strike the ground is directly proportional to the square root of h. If it requires 1 second for an object to fall...
Regis Corporation, a manufacturer of vases to hold flowers, decided in October Year 1 that it needed cash to continue operations. It began negotiating for a one-month bank loan of $100,000 starting...
Cash Flow and Depreciation When evaluating projects, were concerned with only the relevant incremental after tax cash flows. Therefore, because depreciation is a noncash expense, we should ignore its...
External and internal costs: a How do external and internal environmental costs differ? Provide three examples of an external, and four examples of an internal, environmental cost. In your examples...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries ........................................... $1,250,000 Social security tax withheld...
You want to use the P / E approach to evaluate the stock price of CBA Inc. The industry average P / E ratio is 1 5 . The firm's expected earnings for next year are $ 2 million, with 1 million shares...
Which is an example of the type of event that provides evidence with respect to conditions that developed subsequent to year-end? (a) Loss of plant as a result of fire or flood after year-end (b) An...
During the Global Financial Crisis (GFC) of the late 2000s several banks failed and other companies were adversely affected. It is possible that shareholders and lenders of failed companies could...
Problems 6675. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus. Find...
Ivy begins trading as a farmer on 1 January 201 5, making up annual accounts to 31 December. Her adjusted trading profits/(losses) in the opening years are as follows: (a) (b) year to 31 December...
Brian and Danny are civil partners. They were both born in 1974 and they both claim the basic personal allowance for 2017 -18. Brian's total income for 201 7-18 is 25,000 and Danny's total income for...
Stephanie (who is not a Scottish taxpayer) has the following income in 2017-18: Income from self-employment 28,880 Rents received 15,730 Bank interest 200 Dividends 250 Compute Stephanie's income tax...
Ernest (who is not a Scottish taxpayer) has a retirement pension in 2017-18 of 51,890 and bank interest of 620.His personal allowance for the year is 11,5 00. ComputeErnest's income tax liability...
Identify the curves in Problems 24-27. a. $x^{2}+y^{2}-3 y=0$ b. $y^{2}+4 x-3 y+1=0$ c. $x^{2}-9 y^{2}-6 x+18=0$
Which of the following statements is(are) true? Correct the false statements. a. The molecules SeS3, SeS2, PCl5, TeCl4, ICl3, and XeCl2 all exhibit at least one bond angle which is approximately 120...
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
You have been assigned to audit the sales and accounts receivable balances of Coppero Engineering Ltd. for the year ended September 30, 2020. Coppero Engineering is a major manufacturer of steel...
James Bach is a CPA student working on the confirmations working paper from one of his clients, Dunstan Electric Co. He has so far summarized the results of his testing as shown in figure 9.6....
James Bach is a CPA student working on the confirmations working paper from one of his clients, Dunstan Electric Co. He has so far summarized the results of his testing as shown in figure 9.6....
How would you "take the pulse" of a nation, so to speak, to assess its health? In other words, what are some macroeconomic variables that you would assess to determine whether the economy is doing...
2. A halal cart in New York sells chicken platters. Assume that this is a perfectly competitive market. The cart has fixed costs of $3000, and their variable costs are given in the table below. Fill...
Could you elucidate the role of hormone signaling in mediating social behaviors, including aggression, mating, and parental care, and how genetic and environmental factors interact to shape...

If an auditor becomes aware of a fact that may materially affect the financial report after the

Question:

Step by Step Answer:

d A...View the full answer

Auditing A Practical Approach

Students also viewed these Business questions