A material transaction requiring revision of the financial statements occurs after the date of the auditor's report but before the report release date. If the entity has revised the statements and disclosed the event in the notes, the auditor

• A.Should add a note to the audit report explaining the transaction.
• B.Should label it as unaudited.
• C.Should decide whether to disclose the transaction in the body of the report.

D.May extend auditing procedures for the transaction and dual date the report.