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Which events occurring after the issuance of an auditor

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Reference no: EM132756867

Problem 1: Which of the following events occurring after the issuance of an auditor's report most likely would cause the auditor to make further inquiries about the previously issued financial statements?

a. A technological development that could affect the entity's future ability to continue as a going concern

b. The discovery of information regarding a contingency that existed before the financial statements were issued

c. The entity's sole of a subsidiary that accounts for 30% of the entity's consolidated sales

d. The final resolution of a lawsuit which is adequately explained in a separate paragraph of the auditor's report

Reference no: EM132756867

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