The audit of Simcoe Transports Inc.was completed three months ago,so the PA firm proceeded to the file archive stage in accordance with Canadian Audit Standards.If the audit firm receives additional information related to the audit but the information does not affect the audit conclusions,the information should be
A)disregarded,as the file archive was already done.
B)added to the audit file in the section to which it pertains.
C)separately identified and added at the front of the audit file.
D)added to the audit file with a request that the reviewing partner review the new information.

Question

Quizplus · Accepted Answer

Canadian Audit Standards require that any information received after the audit report has been issued, but which does not affect the audit conclusions, should be separately identified and added at the front of the audit file. This ensures that the information is acknowledged and recorded without altering the original audit conclusions.

The Audit of Simcoe Transports Inc