Soon after an audit report was issued, the CPA learned of certain related-party transactions that had occurred during the year under audit. These transactions were not disclosed in the notes to the client's financial statements. The CPA should:(Points : 2)

a. Plan to audit the transactions during the next engagement.

b. Ask the client to disclose the transactions in subsequent interim statements.

c. Determine whether the lack of disclosure would have affected the auditor's report.d. Recall all copies of the audited financial statements.

When an auditor performs a review of interim financial statements, which of the following steps would NOT be a part of the review?(Points : 2)

a. Reading the minutes of the stockholders' meetings. b. Review of financial ratios and trends. c. Inquiry of management. d. Review of existing computer controls.

Which of the following procedures would an auditor most likely perform in auditing the statement of cash flows?(Points : 2)

a.Reconcile the bank cutoff statements to verify the accuracy of the year-end bank balances. b. Compare the amounts included in the statement of cash flows to similar amounts in the prior year's statement of cash flows. c. Reconcile the amounts included in the statement of cash flows to the other financial statements' balances and amounts. d. Vouch all bank transfers for the last week of the year and the first week of the subsequent year.