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Author Question: The audit firm issues an audit report for its client. The auditors havenoobligation to make further ... (Read 30 times)

Hunchojack2019!!

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on: Aug 21, 2022
The audit firm issues an audit report for its client. The auditors have no obligation to make further inquiries with respect to the client's audited financial statements unless
◦ a development occurs that may affect the company's long-term viability as a company.
◦ final resolution was made on disclosed contingency for which no liability needed to be accrued.
◦ new information comes to the auditor's attention concerning an event that occurred prior to the date of the audit report that, if known, would have impacted the audit opinion.
◦ a lawsuit, in which the risk of loss was considered remote, was resolved in the company's favor.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Hunchojack2019!! on Aug 21, 2022

kuttz

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hunchojack2019!!

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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