After an Auditor Has Issued an Auditor's Report on the Financial

question 10

Multiple Choice

After an auditor has issued an auditor's report on the financial report of a non-public entity, there is no obligation to make any further audit tests or inquiries with respect to the audited financial report covered by that report unless:

• A) new information comes to the auditor's attention concerning an event that occurred prior to the date of the auditor's report that may have affected the auditor's report.
• B) material adverse events occur after the date of the auditor's report.
• C) final determination or resolution was made on matters that had resulted in a modification of the auditor's report.
• D) final determination or resolution was made of a contingency that had been disclosed in the financial report.

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Definitions:

Deuterostomes

A major lineage of animals characterized by embryonic development where the anus forms before the mouth, including vertebrates and several other phyla.

Protostomes

A group of animals characterized by developing the mouth earlier than the anus during embryonic development, including invertebrates like mollusks and annelids.

Ecdysozoa

A group of protostome animals, including arthropods and nematodes, characterized by periodic shedding of their exoskeletons during growth.

Lophotrochozoa

A major group within the animal kingdom, which includes organisms that have either a lophophore for feeding or a trochophore larval stage in their development.