Which of the following would not be communicated to users in the auditors' report on an entity's financial statements and related disclosures? 1-Whether the financial statements are presented in accordance with GAAP, or another applicable financial reporting framework 2-Unusual aspects of the audit examination, such as the involvement of component auditors in the audit of group financial statements 3-Specific details regarding the audit examination, such as the materiality threshold used to identify material misstatements 4-Other matters affecting the client, such as substantial doubt about the entity's ability to continue as a going concern

Which of the following is not an appropriate reporting option when component auditors are involved in the audit of group financial statements, assuming that the component auditors' work did not identify any issues affecting the group auditors' report? 1-Issue a standard (unmodified) report that does not reference any involvement by the component auditors. 2-Identify the component auditors by name and present their report along with the group auditors' report. 3-Refer to the component auditors' work and disclose the extent of their work in the group auditors' report. 4-Disclaim an opinion on the portion of the financial statements examined by the component auditors.

What is the major difference between a reissued report and an updated report? 1-An updated report considers information that has come to their attention since the date of the original report, while a reissued report does not consider this information. 2-An updated report can be presented along with the entity's financial statements, but a reissued report cannot be presented along with the entity's financial statements. 3-An updated report will express a different opinion on the prior-years' financial statements that were originally expressed by the auditors, while a reissued report will express the same opinion. 4-An updated report will not express an opinion other than an unmodified opinion, while a reissued report can express an unmodified opinion, qualified opinion, adverse opinion, or disclaimer of opinion.

When updating the report on prior-years' financial statements presented in comparative form, the auditors' responsibility for the prior-years' financial statements is 1-limited to the previously issued report date. 2-extended to the date of the updated audit report. 3-limited to 30 days after the date of the prior years' financial statements. 4-extended to the updated report date only if information comes to the auditors' attention requiring modification of the previously expressed opinion.

Harris & Thompson were engaged to audit Smart Corp's comparative financial statements for the years ended December 31, Year 1 and Year 2. The Year 1 financial statements were presented in accordance with generally accepted accounting principles, but the Year 2 financial statements were determined to be materially misstated. As a result, Harris & Thompson should 1-issue a qualified opinion on the comparative financial statements as a whole. 2-issue an unmodified opinion on the Year 1 financial statements and disclaim an opinion on the Year 2 financial statements. 3-issue an unmodified opinion on the Year 1 financial statements and a qualified opinion on the Year 2 financial statements. 4-reissue the previous opinion on the Year 1 financial statements and withdraw from the engagement.