Question 10 (1 point)

What is the appropriate date to use for an audit report on comparative financial statements?

Question 10 options:

	Date of sufficient audit evidence accumulation
	Date of the latest financial statements
	Date of the last related-party transaction disclosure
	Date of issuance of the report

Question 11 (1 point)

What type of audit opinion would the auditors issue when there is a material loss contingency and the company has accrued losses?

Question 11 options:

	Adverse opinion
	Disclaimer of opinion
	Qualified opinion
	Unmodified opinion

Question 12 (1 point)

When a going concern issue is present, what will auditors most likely review regarding management's plan for dealing with the issue?

Question 12 options:

	How to increase current dividend distributions
	How to increase ownership equity
	How to purchase all leased assets
	How to reduce debt and lines of credit

Question 13 (1 point)

When a going concern issue is present, what will auditors most likely review regarding management's plans for dealing with this issue?

Question 13 options:

	If management will accelerate an existing debts due date
	If management will issue stock options to executives
	If management will lease facilities instead of purchase
	If management will repurchase stock below book value