Why is it necessary for an auditor to perform audit work after the "as of" date to which the opinion on ICFR applies?
A) Whistleblower information may become available after the end of the year.
B) Audit documentation is only prepared after the end of the year.
C) End-of-period financial reporting occurs after the end of the year.
D) IT systems may be changed after the end of the year.

Question

Quizplus · Accepted Answer

End-of-period financial reporting occurs after the end of the year, and auditors need to ensure that controls over financial reporting are effective up to the date of the auditor's report.

Why Is It Necessary for an Auditor to Perform Audit