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should be based on whether the omission of the procedure impairs the auditor's ability to support the
Choice "b" is incorrect. Whether or not the working papers are subject to postissuance review in
connection with a peer review program is not relevant in evaluating whether an omitted audit procedure
should be applied. Sufficient evidence to support the opinion is necessary regardless of whether or not
there will be a peer review.
Choice "c" is incorrect. If the results of other procedures that were applied tended to compensate for the
one omitted, there would be adequate support for the audit opinion, and the omitted procedure would not
need to be applied. 11
© 2009 DeVry/Becker Educational Development Corp. All rights reserved. Maxixishere Pdf Collection Auditing and Attestation 1
What is an auditor's responsibility for supplementary information, such as the disclosure of pension
information, which is outside the basic financial statements but required by the GASB?
a. The auditor should apply substantive tests of transac...
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- Fall '12
- Auditor's report