11) Auditors conclude that the omission of a substantive procedure cons the time of the examination may impair their present ability to suppo considered necessary at eed not try to perform the omitted procedure if adequately for the omitted procedure by providing sufficient appropriate evidence. 11) rt th some financial statement users are currently relying on the auditors' reports B) the results of other procedures that were applied at the time compensated ors' opinion was qualified because of a departure from generally accepted accounting principles. D) the risk of adverse publicity or litigation is low 12) 12) Long and Short, CPAs, were auditing Island Corporation for the year ended December 31, 2017. On January 11, 2018, a major customer of Island Corporation declared tey as the result of an uninsured loss due to a major fire in their warehouse on January 8, 2018. A determined to be uncollectible. Long and Short, CPAs, would expect the client to s a result, a material accounts receivable from the customer was A) treat th e loss as a subsequent event and provide a footnote about the loss in the 2017 financial statements. )file a lawsuit against the customer in hopes of collecting some of the money owed to the client. C) record the loss on uncollectible accounts as a routine transaction in the year 2018. D) treat the loss as a subsequent event and adjust the 2017 financial statements to record the loss on uncollectible accounts 13) 13) Analytical procedures performed near the end of an audit generally include A) retesting control activities that appeared to be ineffective during the assessment of control risk prior year. identified B) gathering evidence concerning account balances that have not changed from the C) considering unusual or unexpected account balances that were not previously Dprn st of tansactions to coroborate managemcents financial statement assertions