The following questions relate to the auditor's responsibility when associated with comparative financial statements. Select the best response. a When financial statements of a prior period are presented on a comparative basis with financial statements of the current period, the continuing auditor is responsible for 

1. Expressing dual-dated opinions.

2. Updating the report on the previous financial statements only if there has not been a change in the opinion.

3. Updating the report on the previous financial statements only if the previous report was qualified and the reasons for the qualification no longer exist.

4. Updating the report on the previous financial statements regardless of the opinion previously issued.

b. An auditor's report on comparative financial statements should be dated as of the date of the 

1. Issuance of the report. 

2. Completion of the auditor's recent field work. 

3. Latest financial statements being reported on. 

4. Last subsequent event disclosed in the statements.

c. Comparative financial statements include the financial statements of a prior period which were audited by a predecessor auditor, whose report is not presented. If the predecessor auditor's report was qualified, the successor auditor must 

1. Express an opinion on the current year statements alone and make no reference to the prior year statements. 

2. Disclose the reasons for any qualification included in the predecessor auditor's opinion. 

3. Obtain written approval from the predecessor auditor to include the prior year's financial statements. 

4. Issue a standard comparative report indicating the division of responsibility.