An auditor should examine minutes of the board of directors' meetings
A) through the date of the financial statements.
B) through the date of the audit report.
C) only at the beginning of the audit.
D) on a test basis.

Question

Quizplus · Accepted Answer

The auditor should examine minutes of the board of directors' meetings through the date of the audit report to obtain information about important financial transactions and events that occurred after the financial statement date but before the issuance of the audit report. This information may affect the financial statements, disclosures, or the auditor's opinion. The examination of minutes should not be limited to the beginning of the audit or on a test basis, but rather be performed throughout the audit period to ensure completeness and accuracy of information.

An Auditor Should Examine Minutes of the Board of Directors