When the auditor considers information that comes to his or her attention during the current year audit,but is related to prior year statements presented for comparative purposes,the report on the prior year is referred to as
A)a reissued report.
B)a shared report.
C)an updated report.
D)none of the above.

Question

Quizplus · Accepted Answer

An updated report is when the auditor considers new information that affects prior year financial statements presented for comparative purposes and modifies the report accordingly.

When the Auditor Considers Information That Comes to His or Her