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3 Cards in this Set
- Front
- Back
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An auditor issued an audit report that was dual dated for a subsequent event occurring after the completion of field work but before issuance of the auditor’s report. The auditor’s responsibility for events occurring subsequent to the completion of field work was: |
limited to the specific event referenced.
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After issuing a report an auditor concludes that an auditing procedure considered necessary at the time of the audit was omitted from the audit. The auditor should first: |
assess the importance of the omitted procedure to the auditor’s ability to support the opinion expressed on the financial statements taken as a whole. |
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Jones, CPA, audited the 1993 financial statements of Ray Corp. and issued an unqualified opinion on March 10, 1994. On April 2, 1994, Jones became aware of a 1993 transaction that may materially affect the 1993 financial statements. This transaction would have been investigated had it come to Jones’ attention during the course of the audit. Jones should: |
contact Ray’s management and request their cooperation in investigating the matter. |
