Dating the auditors report
AU Section - Audit Sampling. Reissuance of the Independent Auditor's Report. You may like Auditing:
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. Send the link below via email or IM. The auditor does not have to make inquiries or apply other auditing procedures after the date of his or her report under ordinary conditions.
Skip supplemental navigation General Auditing Standards. Established since , Accounting-Financial-Tax. However, if the financial statements are adjusted and disclosure of the event is made, or if no adjustment is made and the auditor qualifies his or her opinion, 3 the procedures set forth in paragraph. Trending Accounting 9 years ago. Comments 0 Please log in to add your comment. See more popular or the latest prezis.
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This event may require disclosure to prevent the financial statements from being misleading. Timeline and Definitions Subsequent Events - events or transactions that occur subsequent to the balance-sheet date, but prior to the issuance of financial statements.
AU Section - Special Topics. The independent auditor should consider the effect of these matters on his opinion and he should date his report in accordance with the procedures described in paragraph. Use of the original report date in a reissued report removes any implication that records, transactions, or events after that date have been examined or reviewed.
What Is The Auditors Report?
An exception might also arise in either of the following circumstances. If the auditor is a predecessor auditor and the client is reusing the report, additional procedures are required, including a requirement to obtain an updating representation letter from management and a representation letter from the successor auditor. The independent auditor should consider the effect of these matters on his opinion and he should date his report in accordance with the procedures described in paragraph.
If the auditor is a continuing auditor, the report has to be updated. AU Section - Service Organizations. AU Section - Special Reports:
Artem_Mexanikov - 24.08.2017 in 04:00
The effect of the event may cause the auditor to express an opinion different from the one he or she originally expressed.
Mikki_Jokir - 25.08.2017 in 17:02
Consideration of Materiality in Planning and Performing an Audit.
Nikita_Kondratev - 02.09.2017 in 14:41
Use of the original report date in a reissued report removes any implication that records, transactions, or events after that date have been examined or reviewed. Under these circumstances, the report of the independent auditor would carry the same date used in the original report.