An auditor has previously expressed a qualified opinion on the financial statements of a prior period because of a departure from generally accepted accounting principles. The prior-period financial statements are restated in the current period to conform with generally accepted accounting principles.The auditor's updated report on the prior-period financial statements should:
Which of the following statements is not true regarding the auditor's responsibility for subsequent events?
Which of the following procedures would an auditor most likely perform to obtain evidence about the occurrence of subsequent events?
Which of the following events occurring after the issuance of an auditor's report most likely would cause the auditor to make further inquiries about the previously issued financial statements?
Which of the following procedures would an auditor most likely perform in obtaining evidence about subsequent events?
An auditor is considering whether the omission of a substantive procedure considered necessary at the time of an audit may impair the auditor's present ability to support the previously expressed opinion. The auditor need not apply the omitted procedure if the:
