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when comparative statements are issued and circumstances have changed in the intervening period, auditors should .

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User RobertL
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1 Answer

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Final answer:

Auditors should ensure proper disclosures and re-evaluations when comparative statements are issued after circumstances have changed, to maintain the integrity and usefulness of financial statements.

Step-by-step explanation:

When comparative statements are issued and circumstances have changed in the intervening period, auditors should ensure that the statements include appropriate disclosures about the changes and re-evaluate.

whether the comparative information needs to be restated or reclassified to be comparable with the current period. Auditors must assess whether the circumstances require additional emphasis or a departure from their previously issued report.

It's crucial for auditors to adhere to professional standards and guidelines, ensuring the integrity and utility of the financial statements for users.

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User Justin Swanhart
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