Cpa 04617 what is an auditors responsibility for

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Unformatted text preview: ion should be based on whether the omission of the procedure impairs the auditor's ability to support the opinion. 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 Class Questions 20. CPA-04617 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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