On September 30, Year 2, Miller was asked to reissue an auditor's report dated March 31, Year 2, on a client's financial statements for the year ended December 31, Year 1. Miller will submit the reissued report to the client in a document the contains information in addition to the client's basic financial statements. However, Miller discovered that the client suffered from conditions that occurred since March 31, Year 2. Miller should
a. Request the client to disclose the event in a separate, appropriately labeled note to the financial statements and reissued the original report with its original date.
b. Request the client to restate the financial statements and reissue the original report with a dual date.
c. Reissue the original report with its original date without regard to whether the event is disclosed in a separate note to the financial statements.
d. Not reissue the original report but express a subject to qualified opinion that discloses the events in a separate explanatory paragraph.
Ans: a. Request the client to disclose the event in a separate, appropriately labeled note to the financial statements and reissued the original report with its original date.
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