10.

1. On February 25, a CPA issued an auditors report expressing an unqualified opinion on financial statements for the year ended January 31. On March 2, the CPA learned that on February 11 the entity incurred a material loss on an uncollectible trade receivable as a result of the deteriorating financial condition of the entitys principal customer that led to the customers bankruptcy. Management then refused to adjust the financial statements for this subsequent event. The CPA determined that the information is reliable and that there are creditors currently relying on the financial statements. The CPAs next course of action most likely would not be to 

   1. Notify the entitys creditors that the financial statements and the related auditors report should no longer be relied on. 

   2. Issue revised financial statements and distribute them to each creditor known to be relying on the financial statements.

   3. Notify management and those charged with governance that the auditor will seek to prevent future reliance on the auditors report.

   4. Issue a revised auditors report and distribute it to each creditor known to be relying on the financial statements.

   	A.	1, 2, or 3
   	B.	2, 3, or 4
   	C.	3, 4, or 1
   	D.	1, 2, or 4