Question $44$

$3$ pts

An audit client received a qualified audit opinion on their $20$X$6$ calendar year financial statements. This year the auditor was asked to render an opinion on both the $20$X$6$ and $20$X$7$ financial statements presented together. The misstatements which caused the qualified opinion on the $20$X$6$ statements have subsequently been corrected. Assuming that no material misstatements were found on either set of audited financial statements at the end of the most recent audit the appropriate report would be which of the following?

The auditor must receive permission from the PCAOB to perform the reaudit of the $206$ financial statements prior to accepting the engagement.

An unqualified audit opinion on the $206$ financial statements and an unqualified audit opinion on the $207$ financial statements with a statement that the original opinion on the $2016$ financial statements was qualifed but the financial statements have been corrected.

A qualified audit opinion on the $20$X$6$ financial statements and an unqualified audit opinion on the $2007$ fnancial statements with a note that the $2016$ statements subsequently have been corrected.

The auditor must decline the request to reaudit the $206$ financial statements since they already have been audited.