Question: Soon after Boyd s audit report was released, Boyd learned of certain related party transactions that occurred during the year under audit. These transactions were

Soon after Boyd

s audit report was released, Boyd learned of certain related party transactions that occurred during the year under audit. These transactions were not disclosed in the notes to the financial statements. Boyd should

Discuss the matter with management.

Plan to audit the transactions during the next engagement.

Ask the client to disclose the transactions in subsequent interim statements.

Recall all copies of the audited financial statements.

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