ABC Company prepares financial statements showing the last two years,years X and Y (Year X is the year prior to year Y).The auditor performed an audit of year X and a review of year Y.The auditor may
A)report on the year Y review and reissue the year X audit report.
B)provide only the report concerning the year Y review.
C)reissue the year X audit report with an explanatory paragraph disclosing that only a review was performed on year Y.
D)notify the client that prior year audited financial statements cannot be presented when the current years statements have not been audited.

Question

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The Answer of ABC Company prepares financial statements showing the last two years,years X and Y (Year X is the year prior to year Y).The auditor performed an audit of year X and a review of year Y.The auditor may
A)report on the year Y review and reissue the year X audit report.
B)provide only the report concerning the year Y review.
C)reissue the year X audit report with an explanatory paragraph disclosing that only a review was performed on year Y.
D)notify the client that prior year audited financial statements cannot be presented when the current years statements have not been audited.

ABC Company Prepares Financial Statements Showing the Last Two Years,years