The financial statements are the management’s responsibility. They should therefore inform the auditors of any material subsequent events between the date of the auditor’s report and the date the financial statements are issued. If, after the date of the auditor’s report but before the financial statements are issued, the auditor becomes aware of a fact that, had it been known to the auditor at the date of the auditor’s report, may have caused the auditor to amend the auditor’s report.
In the above situation, which of the following may NOT be an appropriate action taken by the auditor?
A . Discuss the matter with the management
B . Consider whether the financial statements need amendment
C . Inquire how management intends to address the matter in the financial statements
D . Issue a new audit report dated no earlier than the date of approval of the amended financial statements
Answer: D
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