When the auditor performs an audit or review of half-year financial statements, they are not required to:
A) circulate the audit report to entity members.
B) consider aspects of the audit process relevant to the current audit for the forthcoming full-year financial statements.
C) treat each half-year as a discrete reporting period.
D) conduct the review in accordance with auditing standards.

Question

Quizplus · Accepted Answer

The auditor is not required to circulate the audit report to entity members when performing an audit or review of half-year financial statements. This task is typically the responsibility of the entity's management or governing body.

When the Auditor Performs an Audit or Review of Half-Year