Navarre most appropriate response


Navarre, CPA has just issued his report on Big Blue's financial statements. Following the audit report release date, he learned of an event that occurred after the audit completion date. What is Navarre's most appropriate response?

A. Inform users who are currently known to be relying on the financial statements of the nature of the event.

B. Perform the appropriate substantive procedures related to the event and dual date the audit report.

C. Because the event occurred after the audit completion date, Navarre has no responsibility for the event.

D. Withdraw his report on Big Blue's financial statements and reissue the report following his substantive procedures.

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Accounting Basics: Navarre most appropriate response
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