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A PA,having Given Consent to a Client to Include Reviewed

Question 2

Multiple Choice

A PA,having given consent to a client to include reviewed financial statements and the related review report in a loan application,becomes aware that an error was made in the reproduced statements.What are the PA's responsibilities in such a case?


A) To contact all users of the information to advise them of the error.
B) The auditor has no responsibility related to the erroneous information,because no audit was performed on the information.
C) To ensure the client signs a waiver exonerating the PA from any responsibility for loss or damage arising from the use of the financial statements.
D) To advise the client of the error.

Correct Answer:

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