Auditors Conclude That the Omission of a Substantive Procedure Considered

question 41

Multiple Choice

Auditors conclude that the omission of a substantive procedure considered necessary at the time of the examination may impair their present ability to support the previously-expressed opinion. Auditors need not try to perform the omitted procedure if

• A)the risk of adverse publicity or litigation is low.
• B)some financial statement users are currently relying on the auditors' reports.
• C)the auditors' opinion was qualified because of a departure from generally accepted accounting principles.
• D)the results of other procedures that were applied at the time compensated adequately for the omitted procedure by providing sufficient appropriate evidence.