After an Auditor Has Issued an Audit Report on a Nonpublic

question 8

Multiple Choice

After an auditor has issued an audit report on a nonpublic entity, there is no obligation to make any further audit tests or inquiries with respect to the audited financial statements 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 qualification in the auditor's report.
• D) Final determination or resolution was made of a contingency that had been disclosed in the financial statements and no liability arose from the resolution.

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Definitions:

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