When financial statements are presented in comparative form and another firm audited the prior- years financial statements
Question:
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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted: