When Audited Financial Statements Are Presented in a Document Containing

question 37

Multiple Choice

When audited financial statements are presented in a document containing other information, the auditor:

• A) has an obligation to perform auditing procedures to corroborate the other information.
• B) is required to issue a qualified opinion if the other information has a material misstatement of fact.
• C) should read the other information to consider whether it is inconsistent with the audited financial statements.
• D) has no responsibility for the other information because is not part of the basic financial statements.

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Definitions:

Eusthenopteron

An extinct genus of lobe-finned fish, considered an important precursor to early tetrapods and amphibians.

Acanthostega

An extinct amphibian from the late Devonian period, known as an early tetrapod linking fish to terrestrial vertebrates.

Tiktaalik

An extinct fishlike vertebrate from the late Devonian period, presenting features common to both fish and early tetrapods, bridging an evolutionary gap.

Theropods

A group of bipedal dinosaurs that includes both carnivorous species, such as the Tyrannosaurus rex, and the ancestors of modern birds.