What items should be included in the auditor’s communication with those charged with governance (i. e., the audit committee or similar group)?
Answer to relevant QuestionsWhat types of events would generally require restatement of the issued financial statements? What procedures should the auditor follow when the entity refuses to cooperate and make the necessary disclosures?For each of the following items, assume that Josh Feldstein, CPA, is expressing an opinion on Scornick Company’s financial statements for the year ended December 31, 2013; that he completed fieldwork on January 21, 2014; ...A number of companies have pending lawsuits or other contingent liabilities reported in their financial statements. Required: a. Search the EDGAR database foundathttp://www.sec.gov/edgar/searchedgar/companysearch.html to ...If the auditor determines that other information contained with the audited financial statements is incorrect and the client refuses to correct the other information, what actions can the auditor take?For the year ended December 31, 2012, Friday & Co., CPAs (“Friday”), audited the financial statements of Kim Company and expressed an unqualified opinion on the balance sheet only. Friday did not observe the taking of ...
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