AICPA Exam CPA-Auditing 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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Coletta

18 days 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

21 days 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

22 days 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

23 days 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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Hillary

10 hours 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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2 months ago

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

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