After issuing a report, an auditor has no longer obligation to make continuing inquiries or perform other procedures concerning the audited financial statements, unlessSelect one:a.Information, which existed at the report date and may affect the report, comes to the auditor's attention.b.Information about an event that occurred after the end of fieldwork comes to the auditor's attention.c.Management of the entity requests the auditor to reissue the auditor's report.d.Final determinations or resolutions are made of contingencies that had been disclosed in the financial statements.

After the financial statements have been issued, the auditor has still the obligation to perform any audit procedures regarding such financial statements.Select one:TrueFalse

When the audited financial statements are included in other documents subsequent to the issuance of the financial statements, the auditor may have additional responsibilities relating to subsequent events that the auditor may need to consider.Select one:TrueFalse

If the auditor believes that management should extend its assessment but the latter refuses to do so, the auditor should:Select one:a.Rectify the lack of analysis by management.b.Consider a modification of the report as a result of the limitation in the scope of the auditor's work.c.Emphasize this matter in the audit report.d.Extend his audit procedures to obtain sufficiently appropriate evidence regarding the use of the going concern assumption.

If a principal auditor decides to refer in his or her report to the audit of another auditor, he or she is required to disclose theQuestion 40AnswerA.name of the other auditor.B.nature of the inquiry into the other auditor’s professional standing and extent of the review of the other auditor’s work.C.portion of the financial statements audited by the other auditor.D.  reasons for being unwilling to assume responsibility for the other auditor’s work.

The financiers of MNM Ltd require signed and finalized financial statements a month after the company’s financial yearend. Which audit planning component would be affected by this requirement?Group of answer choicesA. The nature of the audit proceduresB. The timing of the audit proceduresC. The extent of the audit proceduresD. The type of audit procedures