In regard to subsequent facts, the auditor _______.
A) has no responsibility
B) is responsible for making reasonable efforts to detect any material subsequent facts
C) is responsible for making reasonable efforts to detect any immaterial subsequent facts
D) is only responsible for material events occurring before the balance sheet date
Correct Answer:
Verified
Q69: A material misstatement occurs when _.
A)management incorrectly
Q70: If the auditor's opinion on the revised
Q71: Material misstatements discovered during the audit _.
A)are
Q72: AU-C 560 and AS 2905 state the
Q73: Performing audit procedures after the end of
Q75: If a misstatement is considered material, _.
A)it
Q76: If the auditor's opinion on the revised
Q77: Auditors must use their professional judgment _.
A)to
Q78: If management revises the financial statements due
Q79: Characteristics of a pervasive misstatement or scope
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