An auditor determines that the entity is presenting certain supplementary financial disclosures of pension information that are requires by the GASB. Under these circumstances, the auditor should
- Add an explanatory paragraph to the auditor’s report that refers to the required supplementary information.
- State that this audit is not being performed in accordance with generally accepted auditing standards.
- Document in the working papers that the required supplementary information is presented, but should not apply any procedures to the information.
- Compare the required supplementary information for consistency with the audited financial statements.
Comfort letters ordinarily are
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Addressed to the client’s |
Signed by the client’s |
|
|
a. |
Audit committee |
Independent auditor |
|
b. |
Underwriter of securities |
Senior management |
|
c. |
Audit committee |
Senior management |
|
d. |
Underwriter of securities |
Independent auditor |