Statement 1: When a CPA has concluded that action should be taken to prevent future reliance on his report he should recall the financial statement and issue revised statements and include an appropriate opinion. Statement 2: When a CPA has concluded that action should be taken to prevent future reliance on his report he should advise the client and others not to rely on the financial statements and make appropriate disclosures of the corrections in the statements of a subsequent opinion. statement 3: When a CPA has concluded that action should be taken to prevent future reliance on his report he should recall the financial statement and issue a disclaimer of opinion which should generally be followed by revised statements and a qualified opinion. A. Only one statement is correct B. Only two statements are correct C. All statements are correct D. All statements are incorre
Statement 1: When a CPA has concluded that action should be taken to prevent future reliance on his report he should recall the financial statement and issue revised statements and include an appropriate opinion. Statement 2: When a CPA has concluded that action should be taken to prevent future reliance on his report he should advise the client and others not to rely on the financial statements and make appropriate disclosures of the corrections in the statements of a subsequent opinion. statement 3: When a CPA has concluded that action should be taken to prevent future reliance on his report he should recall the financial statement and issue a disclaimer of opinion which should generally be followed by revised statements and a qualified opinion.
A. Only one statement is correct
B. Only two statements are correct
C. All statements are correct
D. All statements are incorrect
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