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.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter15: Audit Reports For Financial Statement Audits
Section: Chapter Questions
Problem 8CYBK
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