AICPA Exam CPA-Auditing Topic 1 Question 90 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 90
Topic #: 1

An auditor issued an audit report that was dual dated for a subsequent event occurring after the original date of the auditor's report but before issuance of the related financial statements. The auditor's responsibility for events occurring subsequent to the original report date was:

ALimited to include only events occurring up to the date of the last subsequent event referenced.

BLimited to the specific event referenced.

CExtended to subsequent events occurring through the later date.

DExtended to include all events occurring since the original report date.

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. In microcomputer audit applications, efficient and effective system usage requires:

(1) identification of the appropriate audit tasks and

(2) appropriate software to perform the selected audit tasks.

Choice 'b' is incorrect. Although microcomputer access to client data is desirable, it is not required.

Choice 'c' is incorrect. Although microcomputer access to client data is desirable, it is not required. Also, microcomputer audit applications need not be applicable to several clients to be efficient and effective.

Choice 'd' is incorrect. Microcomputer audit applications need not be applicable to several clients to be efficient and effective.

by Casie at Jun 22, 2024, 06:48 AM

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Laura

3 days ago

I think C is the correct answer. The auditor's responsibility is extended to subsequent events through the later date, not just the specific event referenced.

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