AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained and AS 2301 The Auditor's Responses to the Risks of Material Misstatement state that O the auditors must always confer with the prior auditor before issuance of any audit report O the accounting qualities of faithful representation and comparability are immaterial to the audit O auditors are required to perform substantive procedures for all relevant assertions that have been identified during the risk assessment phase O auditors are required to perform substantive procedures for all relevant assertions that have been identified during the report issuance phase