A former client requests a predecessor auditor to reissue an audit report on a prior period's
financial statements. The financial statements are not restated and the report is not reviseD.
What date(s) should the predecessor auditor use in the reissued report?

A. The date of the prior-period report.
B. The date of the client's request.
C. The date of reissue.
D. The dual-dates.

Answer(s): A
Explanation:
Choice "a" is correct. The date of the prior-period report should be used as long as the FS are
not restated, the report is not revised, and no significant changes have occurred that would
affect the prior FS. Choices "b" and "c" are incorrect. Using the date of the client's request or the
date of reissue would extend the auditor's responsibility to that date. Choice "d" is incorrect. The
auditor may dual date the report if a material subsequent event has occurred, but dual dating is
not used for reissuing a report.
QUESTION: 153
Does an auditor make the following representations explicitly or implicitly when issuing the
standard auditor's report on comparative financial statements?
A. Option A
B. Option B
C. Option C
D. Option D

Answer(s): C
Explanation:
Choice "c" is correct. Implicitly - Explicitly.
When issuing the standard auditor's report on comparative FS, an auditor implicitly represents
consistent application of GAAP, but explicitly states, "An audit includes examining, on a test
basis, evidence supporting . . ."
(Again, it is essential that you memorize the "auditor's standard report.") Choices "a", "b", and
"d" are incorrect, based on the above Explanation.
QUESTION: 154
An auditor may issue a qualified opinion under which of the following circumstances?

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