Q27:

If the balance sheet of a private company is dated December 31, 2016, the audit report is dated February 8, 2017, and both are released on February 15, 2017, this indicates that the auditor has searched for subsequent events that occurred up to

Select one:

a.

February 15, 2017.

b.

December 31, 2016.

c.

January 1, 2017.

d.

February 8, 2017.

Q28:

The standard unmodified audit report

Select one:

a.

can be issued if only a balance sheet and income statement are included in the financial statements.

b.

can be issued only with an explanatory paragraph.

c.

is sometimes called a clean opinion

d.

is sometimes called a disclaimer report.