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:

Question

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Choice "a" is correct. When prior-period financial statements are restated in the current period to conform with GAAP, the auditor's updated report on the prior-period financial statements should express an unqualified opinion concerning the restated financial statements. Choice "b" is incorrect. The original auditor's report on the prior period should not be presented. Choice "c" is incorrect. The original report date is used only if the original report is reissued unchanged. Choice "d" is incorrect. A change in accounting principle that is properly accounted for does not result in a qualified opinion. Events Occurring After Year-end

An Auditor Has Previously Expressed a Qualified Opinion on the Financial