When financial statements are presented in comparative form and another firm audited the prior- years financial statements

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When financial statements are presented in comparative form and another firm audited the prior- years’ financial statements (but the other firm’s report is not presented with the financial statements), the auditors’ report on the current- year financial statements should
a. Disclaim an opinion on the prior- years’ financial statements.
b. Not refer to the prior- years’ financial statements.
c. Refer to any procedures performed by the current auditor to verify the opinion on the prior- years’ financial statements.
d. Refer to the report and type of opinion issued by the other firm on the prior- years’ financial statements.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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