K.Navarre,CPA,has just issued her report on Big Blue's financial statements.Following the audit report release date,she learned of an event that occurred after the date of the auditors' report.What is Navarre's most appropriate response?
A) Inform users who are currently known to be relying on the financial statements of the nature of the event.
B) Perform the appropriate substantive procedures related to the event and dual date the audit report.
C) Because the event occurred after the date of the auditors' report, Navarre has no responsibility for the event.
D) Withdraw her report on Big Blue's financial statements and reissue the report following her substantive procedures.
Correct Answer:
Verified
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