QUESTION 2 For each description/definition, select the appropriate completing the audit procedure. When auditors become aware of facts that existed at the date of the financial statements and auditor's reports, auditors should require the client to disclose the facts and their impact on the financial statements to persons relying on the financial statements. A second audit partner in the firm performs this procedure to ensure engagement quality. Settlement of litigation after the audit report date for an amount different than estimated in the financial statements is an example. Responds directly to auditors' initial inquiries regarding litigation, claims, and A. Attorney letters assessments. B. Roll-forward work The auditor summarizes uncorrected misstatements found throughout the audit C. Management letter and asks the client to record some of these adjustments in this process. D. Representation letter Includes statements regarding auditors' judgment of the quality of the client's accounting principles. E. Going concern assessment A sale of bonds or capital stock is an example requiring the client to disclose the F. Proposed adjusting journal entries and uncorrected misstatements event. G. Communications with individuals charged with governance Auditors bring the audit performed at an earlier date (before fiscal year end) up to H. Subsequently discovered facts date at fiscal year end. 1. Subsequent events A PCAOB inspection or the audit firm's quality review may identify the auditors did not follow GAAS due to failure to complete the audit plan. J. Omitted audit procedures Auditors consider evidence obtained during the audit to determine whether K. Audit documentation review substantial doubt exists about the client's existence in the future. Engagement letter Discusses the absence of fraud activity by the client and its personnel and is obtained on the date of the auditor's report. Written by the auditor and accepted by the client prior to the engagement. Occur following the date of the auditors' report and is one of only two items that can be either oral or written. Can result in the auditor dual-dating the auditor's report. The audit supervisor and audit manager complete this step as required by GAAS to ensure all appropriate steps in the audit plan were performed. L