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Unformatted text preview: f August 13, a CPA had obtained sufficient appropriate audit evidence with respect to fieldwork on an
engagement to audit financial statements for the year ended June 30. On August 27, an event came to
the CPA's attention that should be disclosed in the notes to the financial statements. The event was
properly disclosed by the entity, but the CPA decided not to dual date the auditor's report and dated the
report August 27. Under these circumstances, the CPA was taking responsibility for:
a. All subsequent events that occurred through August 27.
b. Only the specific subsequent event disclosed by the entity.
c. All subsequent events that occurred through August 13 and the specific subsequent event disclosed
by the entity.
d. Only the subsequent events that occurred through August 13.
Choice "a" is correct. If the auditor chooses to use the later date for the report, this extends his/her
responsibility for all subsequent events to this later date.
Choice "b" i...
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This note was uploaded on 06/14/2013 for the course ACCOUNTING audit cpa taught by Professor Becker during the Fall '12 term at Keller Graduate School of Management.
- Fall '12