If a subsequent event occurs after the report date but prior to the release date of an
Question:
If a subsequent event occurs after the report date but prior to the release date of an audit report, resulting in management's revision of the financial statements of a nonissue, then the auditor may do any of the following, except
A. Maintain the original date of the report and state that the opinion is limited to the financial statements as they existed prior to the subsequent event.
B. Perform audit procedures necessary to obtain assurance about the revised financial statements.
C. Include an additional date in the audit report that is limited to the revision to the financial statements.
D. Revise the date of the audit report to reflect the necessity of additional audit procedures.
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg