After the issuance of its audit report, a CPAfirm may encounter evidence indicating that the client's financial
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Question:
After the issuance of its audit report, a CPAfirm may encounter evidence indicating that the client's financial statements were materially misstated or lacked required disclosures.
1) What actions shouldthe auditors take if, after issuing the audit report, they find that they failed to perform significant audit procedures?
2) Describe the subsequent events that represent the primary issues requiring companies to restate their financial statements.
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
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