Auditing and Assurance Services 1st Edition by Iris Stuart

Exercise 33

Subsequent events after issuance of audit report. Assume that the audit report for your client has been signed and distributed to outsiders. What is your responsibility related to new information that comes to your attention Are you required to search for new information all year Provide an example of a situation in which an auditor would have to disclose information to outsiders and one in which the auditor would have no responsibility to disclose information to outsiders.