Dating the auditor's report
An auditor also may dual date a reissued audit report because of an event that occurs after issuance of the original audit report. However, additional procedures might be required.
In these circumstances, the auditor should either dual date the report or date it as of the date of the event. Financial statements adjusted, disclosure. If the auditor dates the report as of the date of the subsequent event rather than dual dating the report he or she should extend the subsequent events review to that date. In either circumstance, the auditor should dual date his or her report or date it as of the event.
In the case of a predecessor auditor consenting to reuse a previous report, additional procedures are always required. Determining The Date Of Completion Of Fieldwork There is no authoritative pronouncement that provides guidance on how to determine the date of completion of fieldwork.
The effect of the event may cause the auditor to express an opinion different from the one he or she originally expressed. If the delay is unusually long, it may be advisable to extend the subsequent events review and redate the report. If the subsequent event is not disclosed, the auditor should qualify the opinion, or if appropriate, express an adverse opinion. The auditor does not have to make inquiries or apply other auditing procedures after the date of his or her report under ordinary conditions. It is the date up to which the auditor is responsible for keeping informed about events affecting the financial statements being reported on.
Financial statements adjusted, no disclosure. During this period, the auditor is not required to apply any procedures unless information about subsequent events comes to the attention of the auditor.
The auditor and the client may arrange for a formal closing conference to review the financial statements. The conclusion of this conference may be considered the date of completion of the fieldwork. This event may require disclosure to prevent the financial statements from being misleading.
When the adjustment is made with disclosure of the event, the auditor should dual date the report or date it as of the date of the event. If the financial statements are not adjusted, the auditor should qualify his or her opinion or, if appropriate, express an adverse opinion.
Ordinary Conditions Under ordinary conditions, the auditor should date his or her report as of the date of completion of fieldwork. An exception might also arise in either of the following circumstances. Its purpose is to determine whether the financial statements being reported on require adjustment or additional disclosures. Financial statements not adjusted. Reuse by the client requires that certain procedures be performed before the auditor can consent.
If the auditor is a continuing auditor, the report has to be updated. Sometimes, the date is a matter of judgment see Techniques for Application. An exception might arise if the audit report is reissued as explained previously.
- Direct dating summit london download
- Alcoholic dating non-alcoholic
- Chinese dating iranian american
- Dating tiffany jewelery
- Dating in san bernardino ca
- Daily elite dating review
- Detroit area dating services
- Cancer woman dating
- Do japanese men dating foreign women
- Dating show the choice
- Dating new york ladies
- Dating a doctor memes
- Aplasta hormigas online dating
- Dating wow
- American christian dating services
- Dating a white guy in high school
- Aoa jimin dating ikon
- Dating profile funny