When an Investigation of the Discovery of Facts Existing at the Report

question 28

Multiple Choice

When an investigation of the discovery of facts existing at the report date confirms the existence of the fact and the auditor believes the information is important to those relying or likely to rely on the financial statements, the auditor should immediately:

• A) take steps to prevent future reliance on the audit report.
• B) notify the SEC or other regulatory agency.
• C) notify the audit committee.
• D) resign from the engagement.
• E) take no action since the auditor is not responsible for such matters.

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Definitions:

Comprehensive Approach

A strategy or method that involves considering all factors and aspects of a problem or situation to find a solution.

Sexuality Education

A program designed to help individuals learn about sexual health, behaviors, and identities in a comprehensive manner.

Healthy Expression

The appropriate and constructive communication of emotions, thoughts, and feelings.