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Author Question: After the balance sheet date, but prior to the issuance of the audit report, the client suffers an ... (Read 34 times)

booty5

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on: Aug 21, 2022
After the balance sheet date, but prior to the issuance of the audit report, the client suffers an uninsured loss of their inventory as a result of a fire. The amount of the loss is material. The auditor should
◦ adjust the financial statements for the year under audit.
◦ add a paragraph to the audit report.
◦ advise the client to disclose the event in the notes to the financial statements.
◦ advise the client to delay issuing the financial statements until the economic loss can be determined.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by booty5 on Aug 21, 2022

saly

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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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booty5

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

steff9894

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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