AICPA CPA-Auditing Exam - Topic 1 Question 90 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 90
Topic #: 1

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.

Show Suggested Answer

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.

by Casie at Jun 22, 2024, 06:48 AM

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Omer

3 months ago

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

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Galen

3 months ago

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

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Dortha

3 months ago

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

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Levi

4 months ago

Totally agree, C makes the most sense here!

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Shenika

4 months ago

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

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Elvera

4 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.

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Mabel

4 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.

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Mee

4 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.

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William

5 months ago

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

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Nikita

5 months 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.

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Rex

5 months 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.

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Marguerita

5 months 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.

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Elouise

5 months 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.

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Chantell

5 months 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.

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Vashti

5 months 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.

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Laurene

5 months 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.

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Rebecka

5 months ago

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

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Nohemi

5 months 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.

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Coletta

9 months 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.

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Refugia

10 months 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.

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Buck

10 months 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.

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Elliott

10 months 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.

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An

8 months ago

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

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Callie

9 months ago

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

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Hillary

9 months ago

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

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Laura

10 months 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.

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Maile

9 months ago

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

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Melodie

9 months ago

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

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Nancey

9 months ago

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

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Raul

10 months ago

I think C is the correct answer.

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Alesia

11 months ago

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

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Mindy

11 months ago

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

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Judy

11 months ago

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

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