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If the auditor's original opinion on internal controls concluded that controls a. were b. were not effective, then they would evaluate the new information related to the material weakness to determine whether the material weakness existed as of the a. balance sheet date b. the date the auditor's unqualified opinion was given . If it is determined internal controls over financial reporting were in fact a.effective b. not effective as of the a.balance sheet date b. the date the auditor's unqualified opinion was given , the auditor is obligated to ensure a. the AICPA is b. the SEC is c.users of the financial statements are aware of the revised information and reissue a report on the effectiveness of internal controls to disclose the material weakness.

aaa.

Five months after issuing an unqualified audit opinion and an unqualified opinion on internal controls for the audit of the year ended December 31, 2016, for a large publicly traded client, the client and the auditor become aware of a material misstatement in sales revenue for the year in question, which was the result of a material weakness in internal controls. Is this a subsequent event or a subsequent discovery of facts? What are the auditor's responsibilities related to the audit opinion and the opinion on internal controls?

a. is it a subsequent discovery of facts

b. subsequent event

The auditor's responsibilities related to the audit opinion are:

A.

If the client refuses to disclose the misstatement, the auditor should inform the board of directors.

B.

The auditor has an obligation to ensure that users of the financial statements are informed about the misstatement and that the audit opinion should no longer be relied upon.

C.

Ensure the client informs the SEC and other regulatory agencies of the misstatement, and issues revised financial statements with an explanation of the reason for the revision.

D.

All of the above.

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