AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
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Chapter 17, Problem 17.12RQ
To determine

Introduction: The restatement of financial statements means revising the financial statements if any significant error has been reported in the statements that have already been prepared. The entity needs to cooperate with the auditor if the auditor asks for restatement of financial statements or asks for making necessary disclosures.

To explain: The events that would require restatement of the issued financial statements and the procedure an auditor should follow if the entity refuses to cooperate and make the necessary disclosures.

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