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Unformatted text preview: tements following a pooling of interests affects
comparability of the financial statements, but would not result in a change in opinion from the audit report
previously issued. 8
© 2009 DeVry/Becker Educational Development Corp. All rights reserved. Maxixishere Pdf Collection Auditing and Attestation 1
Comparative financial statements include the prior year's statements that were audited by a predecessor
auditor whose report is not presented. If the predecessor's report was unqualified, the successor should:
a. Add an explanatory paragraph that expresses only limited assurance concerning the fair presentation
of the prior year's financial statements.
b. Express an opinion only on the current year's financial statements and make no reference to the prior
year's financial statements.
c. Indicate in the auditor's report that the predecessor auditor expressed an unqualified opinion on the
prior year's financial statements.
d. Obtain a letter of representations from the predecessor auditor concerning any ma...
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- Fall '12