B. Use the release date of the reissued report.
C. Use the original report date on the reissued report.
D. Use the current-period auditor's report date on the reissued report.

Answer(s): C
Explanation:
Choice "c" is correct. If the auditor reissues the audit report at the client's request, the auditor
should use the original report date on the reissued report. Use of a subsequent date implies that
the auditor has done additional work. Choice "a" is incorrect. Use of a date subsequent to the
original report date implies that the auditor has performed work subsequent to that date. Choice
"b" is incorrect. Use of a date subsequent to the original report date implies that the auditor has
performed work subsequent to that date. Choice "d" is incorrect. Use of a date subsequent to
the original report date implies that the auditor has performed work subsequent to that date.
QUESTION: 83
An auditor expressed a qualified opinion on the prior year's financial statements because of a
lack of adequate disclosure. These financial statements are properly restated in the current year
and presented in comparative form with the current year's financial statements. The auditor's
updated report on the prior year's financial statements should:

A. Be accompanied by the auditor's original report on the prior year's financial statements.
B. Continue to express a qualified opinion on the prior year's financial statements.
C. Make no reference to the type of opinion expressed on the prior year's financial statements.
D. Express an unqualified opinion on the restated financial statements of the prior year.

Answer(s): D
Explanation:
Choice "d" is correct. If an auditor has previously qualified his or her opinion on financial
statements of a prior period, and the prior period statements are restated to conform with
GAAP, the auditor should express an unqualified opinion on the restated financial statements. In
addition, the auditor would state the substantive reasons for the change in opinion in an
explanatory paragraph preceding the opinion paragraph.
Choice "a" is incorrect. The original report would not be presented. Choice "b" is incorrect. The
auditor would change the opinion on the restated financial statements from that previously
issued.
Choice "c" is incorrect. The auditor would state the substantive reasons for the change in
opinion in an explanatory paragraph preceding the opinion paragraph.
QUESTION: 84
Comparative financial statements include the financial statements of the prior year that were
audited by a predecessor auditor whose report is not presented. If the predecessor's report was
qualified, the successor should:

A. Indicate the substantive reasons for the qualification in the predecessor auditor's opinion.
B. Request the client to reissue the predecessor's report on the prior year's statements.
C. Issue an updated comparative audit report indicating the division of responsibility.
D. Express an opinion only on the current year's statements and make no reference to the prior
year's statements.
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