When the audited financial statements of the prior year are presented together with those of the current year, the continuing auditor's report should cover
A) Both years.
B) Only the current year.
C) Only the current year, but the prior year's report should be presented.
D) Only the current year, but the prior year's report should be referred to.

Question

Quizplus · Accepted Answer

The continuing auditor's report should cover both years when the audited financial statements of the prior year are presented with those of the current year to provide a complete and consistent audit opinion.

When the Audited Financial Statements of the Prior Year Are