Choice "a" is correct. Since the financial statements were adjusted without disclosure of the
event in the footnotes, Wilson's report should be dated as of March 6, X2, the date on which
sufficient appropriate audit evidence was obtained. Choice "b" is incorrect. An April 10, X2
report date would be used only if the event were disclosed and Wilson wanted to extend the
responsibility for all significant events through April 10, X2. Choice "c" is incorrect. An April 24,
X2 report date would be used only if the event were disclosed and Wilson wanted to extend the
responsibility for all significant events through April 24, X2. Choice "d" is incorrect. Dual dating
would only be used if the event were disclosed in the notes to the financial statements.
QUESTION: 95
An auditor concludes that a substantive auditing procedure considered necessary during the
prior period's audit was omitted. Which of the following factors would most likely cause the
auditor promptly to apply the omitted procedure?

A. There are no alternative procedures available to provide the same evidence as the omitted
procedure.
B. The omission of the procedure impairs the auditor's present ability to support the previously
expressed opinion.
C. The source documents needed to perform the omitted procedure are stil available.
D. The auditor's opinion on the prior period's financial statements was unqualified.

Answer(s): B
Explanation:
Choice "b" is correct. The factor most likely to cause the auditor to promptly apply the omitted
procedure would be if the omission impairs the auditor's present ability to support the previously
expressed opinion. Choice "a" is incorrect. The auditor would first need to determine whether
the omission of the procedure impairs the ability to support the previously expressed opinion. It
is possible that other procedures already performed tended to compensate for the omitted
procedure, and therefore no further action would be necessary. Choice "c" is incorrect. The
availability of the source documents needed to perform the procedure has little bearing on
whether the auditor determines that it is necessary to perform the procedure. Choice "d" is
incorrect. The rendering of a clean opinion has little importance. The issue is "support of the
previously expressed opinion," not what the opinion was.
QUESTION: 96
After issuing a report, an auditor has no obligation to make continuing inquiries or perform other
procedures concerning the audited financial statements, unless:

A. Information, which existed at the report date and may affect the report, comes to the auditor's
attention.
B. Management of the entity requests the auditor to reissue the auditor's report.
C. Information about an event that occurred after the date of the auditor's report comes to the
auditor's attention.
D. Final determinations or resolutions are made of contingencies that had been disclosed in the
financial statements.

Answer(s): A
Explanation:
Choice "a" is correct. After issuing a report, an auditor has no obligation to make continuing

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