Which of the Following Statements Is Not True with Regards

question 53

Multiple Choice

Which of the following statements is not true with regards to the auditor's responsibility where a client entity decides to publish its audited financial report on its website.

• A)The auditor should review the website to make sure the auditor's report cannot be attached to or be seen as covering any information that the auditor's report was not intended to cover.
• B)The auditor may decide to provide a separate auditor's report for electronic dissemination.
• C)The auditor should structure the engagement to audit the financial report published on the website as a separate audit engagement, have the client sign a separate engagement letter and undertake appropriate additional audit procedures.
• D)The auditor should consider the risks of whether the financial report on the website is in accordance with the published financial report.

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Definitions:

Native Advertising

A form of online advertising that matches the form and function of the platform on which it appears, making it less obvious as an ad and more integrated into the content.

Guidelines

Established principles or recommendations that direct or advise specific actions or policies.

Prenuptial Agreement

An agreement made before marriage that defines each partner’s ownership rights in the other partner’s property. Prenuptial agreements must be in writing to be enforceable.

Postnuptial Agreement

A written agreement made between spouses after marriage, outlining the distribution of assets in the event of divorce or separation.