Question: when financial statements are presented in comparative form and another auditor performed the audit of the prior year's financial statements, which of the following is
when financial statements are presented in comparative form and another auditor performed the audit of the prior year's financial statements, which of the following is the most appropriate option for the current year's auditors?
The current auditors could refer to the prior year's opinionreport OR have the prior auditors issue their report again.
The current auditors report could ignore the prior year's numbers and not refer to whether they were audited or not
The auditors could reaudit the prior year's financial statements and report on both years.
The current auditors could disclaim an opinion on the prior year's financial statements.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
