After issuance of the auditor’s report, the auditor has no obligation to make any further inquiries with respect to audited financial statements covered by that report unless

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After issuance of the auditor’s report, the auditor has no obligation to make any further inquiries with respect to audited financial statements covered by that report unless

A. A final resolution of a contingency that had resulted in a qualification of the auditor’s report is made.
B. A development occurs that may affect the entity’s ability to continue as a going concern.
C. An investigation of the auditor’s practice by a peer review committee ensues.
D. New information is discovered concerning undisclosed related party transactions of the previously audited period.

Answer: New information is discovered concerning undisclosed related party transactions of the previously audited period.

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