Comparative Financial Statements Include the Financial Statements of a Prior

question 24

Multiple Choice

Comparative financial statements include the financial statements of a prior period that were examined by a predecessor auditor whose report is not presented. If the predecessor auditor's report was qualified, the successor auditor must

• A) Obtain written approval from the predecessor auditor to include the prior year's financial statements.
• B) Issue a standard comparative audit report indicating the division of responsibility.
• C) Express an opinion on the current year statements alone and make no reference to the prior year statements.
• D) Disclose the reasons for any qualification in the predecessor auditor's opinion.

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An individual's understanding and beliefs about themselves, including their attributes, who and what they are.