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Please help answer these multiple choice questions regarding AUDITING, thank you! Question 8 View Policies Current Attempt in Progress The audit firm must retain the
Please help answer these multiple choice questions regarding AUDITING, thank you!
Question 8 View Policies Current Attempt in Progress The audit firm must retain the audit file of a public company client for: O 7 years. O 5 years. 0 4 years. 06 years. Question 10 --/1 View Policies Current Attempt in Progress For a private company client that follows GAAP, auditors must consider the going concern assumption for a reasonable period of time, which is: O one year from the completion of fieldwork. O one year from the completion of interim audit procedures. O one year from the date of the financial statements. O one year from the date the financial statements are issued. Question 11 --/1 View Policies Current Attempt in Progress All of the following statements are included in a management representation letter except: Othere have been no violations of laws or regulations. O the effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the financial statements. o the auditor's fee for completing the audit. O no subsequent events have occurred that require adjustment to or disclosure in the financial statements. Question 12 View Policies Current Attempt in Progress Communication with those charged with governance must occur: after the financial statements are released. O before legal letters are sent to attorneys. O after the audit report is issued. O before the audit report is issuedStep by Step Solution
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