If an auditor becomes aware after the date of the auditors report but before the financial statements
Question:
If an auditor becomes aware after the date of the auditor’s report but before the financial statements are issued of a fact that may materially affect the financial statements, the auditor should:
(a) Consider whether the financial statements need changing.
(b) Discuss the matter with management.
(c) Take the action appropriate in the circumstances.
(d) All of the above.
Financial StatementsFinancial 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 A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
Question Posted: