-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
When auditors become aware of facts that existed at the date of
the financial statements and auditor's reports, auditors should
require the client to disclose the facts and their impact on the
financial statements to persons relying on the financial
statements.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
A second audit partner in the firm performs this procedure to
ensure engagement quality.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Settlement of litigation after the audit report date for an
amount different than estimated in the financial statements is an
example.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Responds directly to auditors' initial inquiries regarding
litigation, claims, and assessments.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
The auditor summarizes uncorrected misstatements found
throughout the audit and asks the client to record some of these
adjustments in this process.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Includes statements regarding auditors' judgment of the quality
of the client's accounting principles.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
A sale of bonds or capital stock is an example requiring the
client to disclose the event.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Auditors bring the audit performed at an earlier date (before
fiscal year end) up to date at fiscal year end.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
A PCAOB inspection or the audit firm's quality review may
identify the auditors did not follow GAAS due to failure to
complete the audit plan.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Auditors consider evidence obtained during the audit to
determine whether substantial doubt exists about the client's
existence in the future.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Discusses the absence of fraud activity by the client and its
personnel and is obtained on the date of the auditor's report.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Written by the auditor and accepted by the client prior to the
engagement.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Occur following the date of the auditors' report and is one of
only two items that can be either oral or written.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
Can result in the auditor dual-dating the auditor's report.
|
-
A. B.
C. D.
E. F.
G. H.
I. J.
K. L.
|
The audit supervisor and audit manager complete this step as
required by GAAS to ensure all appropriate steps in the audit plan
were performed.
|