hard20 pts · first answer countssubsequent-events

A fact found after the report is issued

After the financial statements and audit report are issued, the auditor learns of a fact that existed at the report date and, if known then, might have changed the report. What should the auditor do under SA 560 / ISA 560?

A.Nothing, because the audit is finishedB.Discuss with management and those charged with governance, decide if the statements need amendment, and if amended, issue a new report covering the amendmentC.Publicly withdraw the report without talking to the clientD.Wait for next year’s audit to correct it

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A fact found after the report is issued

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