Financial statements not adjusted

Audit report dating

Reuse by the client requires that certain procedures be performed before the auditor can consent. The effect of the event may cause the auditor to express an opinion different from the one he or she originally expressed. In the case of a predecessor auditor consenting to reuse a previous report, additional procedures are always required. Financial statements adjusted, no disclosure. The conclusion of this conference may be considered the date of completion of the fieldwork.

If the subsequent event is not disclosed, the auditor should qualify the 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. Financial statements adjusted, disclosure. An exception might arise if the audit report is reissued as explained previously.

The auditor and the client may arrange for a formal closing conference to review the financial statements. In either circumstance, the auditor should dual date his or her report or date it as of the event. Unusual Conditions Under ordinary conditions, the auditor has no responsibility to make any inquiry or carry out any procedures for the period after the date of his or her report.

An auditor also may dual date

If the delay is unusually long, it may be advisable to extend the subsequent events review and redate the report. However, additional procedures might be required.

Financial statements not adjusted. An auditor also may dual date a reissued audit report because of an event that occurs after issuance of the original audit report.

Financial statements not