Which of the following statements is not true with regards the auditor's responsibility where a client entity decides to publish its audited financial report on its website.
A) The auditor should review the website to make sure the auditor's report cannot be attached to or be seen as covering any information that the auditor's report was not intended to cover.
B) The auditor may decide to provide a separate auditor's report for electronic dissemination.
C) The auditor should structure the engagement to audit the financial report published on the website
As a separate audit engagement, have the client sign a separate engagement letter and undertake
Appropriate additional audit procedures.
D) The auditor should consider the risks of whether the financial report on the website is in accordance with the published financial report.

Question

Quizplus · Accepted Answer

The statement "The auditor should structure the engagement to audit the financial report published on the website as a separate audit engagement, have the client sign a separate engagement letter and undertake appropriate additional audit procedures" is not true. The auditor should not necessarily treat the website publication as a separate engagement but may use the same audit procedures and report as the one issued to the client for its financial statements. The auditor may have to consider additional procedures if there are concerns about the website publication, but it does not necessarily require a separate engagement.

Which of the Following Statements Is Not True with Regards