Choice a is incorrect the auditor is not required to

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: tions to the supplementary information and verify its conformity with the GASB requirement. b. The auditor should apply certain limited procedures to the supplementary information and report deficiencies in, or omissions of, such information. c. The auditor's only responsibility for the supplementary information is to determine that such information has not been omitted. d. The auditor has no responsibility for such supplementary information as long as it is outside the basic financial statements. CPA-04617 Choice "b" is correct. The auditor should perform limited procedures on supplementary information accompanying the financial statements. In addition, the auditor's report on the financial statements should be expanded if required supplementary information is omitted or is not presented in compliance with the applicable requirements. Choice "a" is incorrect. The auditor is not required to audit supplementary information. Choice "c" is incorrect. The auditor is required to perform certain limited procedures with respect to supp...
View Full Document

Ask a homework question - tutors are online