If the auditor decides that steps should be taken to prevent further reliance on the...
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Accounting
If the auditor decides that steps should be taken to prevent further reliance on the financial statements and audit report due to subsequent events after issuance of the audit report, the auditor should not try to obtain client cooperation, but should immediately notify any regulatory agency having jurisdiction over the client, such as the SEC, that the audit report should no longer be associated with the clients financial statements.
a. True
b. False
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