Question 1071 pts An auditor reads management's commentary included in a county’s comprehensive annual financial report
Posted: Mon May 02, 2022 6:38 am
Question 1071 pts
An auditor reads management's commentary included in a county’s
comprehensive annual financial report and identifies a material
inconsistency with the financial statements. The auditor
determines that the financial statements do not require
revision. Which of the following actions should the auditor
take?
Group of answer choices
a. Request that the entity revise management's commentary.
b. Include an emphasis‐of‐matter paragraph in the auditor’s
report.
c. Consider withdrawing from the engagement.
d. Request a client representation letter acknowledging the
inconsistency.
An auditor reads management's commentary included in a county’s
comprehensive annual financial report and identifies a material
inconsistency with the financial statements. The auditor
determines that the financial statements do not require
revision. Which of the following actions should the auditor
take?
Group of answer choices
a. Request that the entity revise management's commentary.
b. Include an emphasis‐of‐matter paragraph in the auditor’s
report.
c. Consider withdrawing from the engagement.
d. Request a client representation letter acknowledging the
inconsistency.