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After the issuance of its audit report, a CPA firm may encounter evidence indicating that the client's financial statements were materially misstated or lacked required

After the issuance of its audit report, a CPA firm may encounter evidence indicating that the client's financial statements were materially misstated or lacked required disclosures.

1) What actions should the auditor's take if, after issuing the audit report, they find that they failed to perform significant audit procedures?

2) Describe the subsequent events that represent the primary issues requiring companies to restate their financial statements?

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