After issuing an auditors report, an auditor has no obligation to make continuing inquiries about audited financial
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Question:
After issuing an auditor’s report, an auditor has no obligation to make continuing inquiries about audited financial statements unless
A. A final resolution is made of a contingent liability that had been disclosed in the financial statements.
B. An event occurs just after the auditor’s report was issued that affects the entity’s ability to continue as a going concern.
C. Information about a material transaction that occurred just after the auditor’s report was issued is deemed to be reliable.
D. Information that existed at the report date and may affect the report comes to the auditor’s attention.
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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