An auditor released an audit report that was dual-dated for a subsequently discovered fact occurring after date of the auditor's report but before issuance of the related financial statements. The auditor's responsibility for events occurring subsequent to the original report date was
a. Limited to include only events occurring before the date of the last subsequent event referenced
b. Limited to the specific event referenced
c. Extended to subsequent events occurring through the date of issuance of the related financial statements
d. Extended to include all events occurring since the original report date
Ans: b. Limited to the specific event referenced
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Which of the following sequences states the order in which accounts are listed on a trial balance?
A) Equity ? Assets ? Liabilities B) Liabilities ? Assets ? Equity C) Assets ? Equity ? Liabilities D) Assets ? Liabilities ? Equity
Transit tariffs have been almost entirely eliminated worldwide through international trade agreements
Indicate whether the statement is true or false