Issuance of the finicial statements

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Reference no: EM13126293

Company A hired Q to perform its year end audit. Subsequent to the compleation of field work, but prior to the issuance of the finicial statements, A discovers that one of its customers has filed for bankruptcy protection. Assume that Q decides to perform additional work to determine the affect of the bankrupt custmer on A's finicial statments, Then Q:

A. should issue a dual-dated report.

B. should expand the testing procedures and wrap-up work in order to extend the report date.

c. amend the finicial statements with a footnote and issue the audit report as planned.

d. Either "a" or "b" depending on the amount of additional testing performed.

Reference no: EM13126293

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