Subsequent to the Issuance of the Audit Report,the Auditor Became

question 2

Multiple Choice

Subsequent to the issuance of the audit report,the auditor became aware of facts existing at the report date that would have affected the report had the auditor then been aware of such facts.After determining that the information is reliable,the auditor should ________.

• A)determine whether there are persons relying or likely to rely on the financial statements who would attach importance to the information
• B)request that management disclose the newly discovered information by issuing revised financial statements
• C)issue revised pro forma financial statements taking into consideration the newly discovered information
• D)give public notice that the auditor is no longer associated with the financial statements

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Definitions:

Depressed Individuals

Persons experiencing a mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Negative Events

Occurrences that are harmful, undesirable, or lead to negative outcomes for an individual or group.

Feelings

Emotional states or reactions that are subjectively experienced by an individual.

Memory

The cognitive process of encoding, storing, and retrieving information, allowing experiences and knowledge to influence future actions and thoughts.