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QUESTION 10 When comparative financial statements are presented, the fourth reporting standard, which refers to financial sta

Principles of auditing
ch3

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When comparative financial statements are presented, the fourth reporting standard, which refers to financial statement “taken as a whole”, should be considered to apply to the financial statement of the

Answer: D. Current period and those of the other periods presented.

Subsequent events are material events, which occur between the end of the fiscal year, and the date the audit report is issued

Answer: True

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