Discuss AICPA CPA-Auditing Exam Topic 1 Question 90

An auditor issued an audit report that was dual dated for a subsequent event occurring after the original date of the auditor's report but before issuance of the related financial statements. The auditor's responsibility for events occurring subsequent to the original report date was:

ALimited to include only events occurring up to the date of the last subsequent event referenced.

BLimited to the specific event referenced.

CExtended to subsequent events occurring through the later date.

DExtended to include all events occurring since the original report date.

Suggested Answer: A

Choice 'a' is correct. In microcomputer audit applications, efficient and effective system usage requires:

(1) identification of the appropriate audit tasks and

(2) appropriate software to perform the selected audit tasks.

Choice 'b' is incorrect. Although microcomputer access to client data is desirable, it is not required.

Choice 'c' is incorrect. Although microcomputer access to client data is desirable, it is not required. Also, microcomputer audit applications need not be applicable to several clients to be efficient and effective.

Choice 'd' is incorrect. Microcomputer audit applications need not be applicable to several clients to be efficient and effective.

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33 comments · newest first

Omer 10 months ago

I thought it was B at first, but C is definitely the correct choice!

Galen 11 months ago

Just to clarify, dual dating is a thing in audits for subsequent events.

Dortha 11 months ago

Wait, how can they cover all events since the original date? Seems off.

Levi 11 months ago

Totally agree, C makes the most sense here!

Shenika 11 months ago

I think it's C, right? Extended to subsequent events through the later date.

Elvera 12 months ago

I’m a bit confused about this one. I thought it was all events since the original report date, but that seems too broad.

Mabel 12 months ago

If I recall correctly, the auditor's responsibility extends to subsequent events occurring through the later date. That seems to fit with what we learned.

Mee 12 months ago

I think the responsibility is limited to the specific event referenced, but I might be mixing it up with another practice question we did.

William 1 year ago

I remember discussing dual dating in class, but I'm not entirely sure how it applies to the auditor's responsibilities.

Nikita 1 year ago

I've seen questions like this before, so I feel prepared. I'll focus on the key details about the dual-dating and the auditor's scope of responsibility for subsequent events.

Rex 1 year ago

This is a good test of my understanding of subsequent events. I'll use the process of elimination to narrow down the options and select the best answer based on the auditor's responsibilities.

Marguerita 1 year ago

Hmm, I'm a little unsure about this one. The wording is a bit tricky, and I want to make sure I don't overthink it. I'll read through the options slowly and try to apply the relevant auditing standards.

Elouise 1 year ago

Okay, this looks like a standard question on subsequent events. I'm pretty confident I can handle this one - I just need to remember the key principles around dual-dating and the auditor's responsibilities.

Chantell 1 year ago

This question seems straightforward, but I want to make sure I understand the nuances. I'll need to carefully read through the options and think about the auditor's responsibilities in this situation.

Vashti 1 year ago

This is a tricky one. Since the risk assessment is not reliable, I'll need to think carefully about how to prioritize the tests to cover the most critical areas while still giving some attention to the lower-risk ones.

Laurene 1 year ago

Hmm, this is a tricky one. I'll need to double-check my understanding of IPv4 addresses to make sure I select the right answer. Better not rush this one.

Rebecka 1 year ago

Hmm, I'm not sure about this one. I'll have to think it through carefully.

Nohemi 1 year ago

Okay, I think the key here is to identify which document contains the performance measures and project/time management details. I'll carefully consider each option and select the best one.

Coletta 1 year ago

Ahh, the joys of auditing! Where the dates are made up and the responsibilities don't matter. I'm going to go with E: The auditor's responsibility is to grab a coffee and hope no one notices the typos.

Refugia 1 year ago

Ooh, tricky one! I'm going to have to go with C. The auditor's responsibility extends to all subsequent events up to the later date, not just the specific event.

Buck 1 year ago

Hmm, I'm going with B. The auditor's responsibility is limited to the specific event referenced in the dual-dated report, right? That's what the question is asking about.

Elliott 1 year ago

D seems like the logical choice here. The auditor's responsibility should cover all events since the original report date, not just the specific event or up to the last event.

An 1 year ago

↳ replying to Elliott

Yes, I also believe that D is the correct answer. The auditor should be responsible for all events since the original report date.

Callie 1 year ago

↳ replying to Elliott

I think so too. It makes sense for the auditor's responsibility to be extended to include all events since the original report date.

Hillary 1 year ago

↳ replying to Elliott

I agree, D does seem like the logical choice. The auditor should cover all events since the original report date.

Laura 1 year ago

I think C is the correct answer. The auditor's responsibility is extended to subsequent events through the later date, not just the specific event referenced.

Maile 1 year ago

↳ replying to Laura

Yes, that's correct. The auditor's responsibility is extended to include all events occurring since the original report date.

Melodie 1 year ago

↳ replying to Laura

So, the auditor has to consider all events occurring since the original report date?

Nancey 1 year ago

↳ replying to Laura

I agree, the auditor's responsibility is extended to subsequent events through the later date.

Raul 1 year ago

↳ replying to Laura

I think C is the correct answer.

Alesia 2 years ago

I believe the auditor's responsibility is limited to include only events occurring up to the date of the last subsequent event referenced.

Mindy 2 years ago

I agree with Judy. The auditor needs to consider all events up to the last subsequent event referenced.

Judy 2 years ago

I think the auditor's responsibility is extended to subsequent events occurring through the later date.

AICPA CPA-Auditing Exam - Topic 1 Question 90 Discussion