The appropriate audit report date for a standard nonqualitifed audit report for a non-public entity should be the:
A) date the financial statements are given to the Board of Directors.
B) date of the financial statements.
C) date the auditor completed the auditing procedures in the field.
D) 60 days after the date of the financial statements as required by the SEC.

Question

Quizplus · Accepted Answer

The audit report date should be the date the auditor completed the auditing procedures in the field, as this is when the auditor has obtained sufficient appropriate evidence to support their opinion.

The Appropriate Audit Report Date for a Standard Nonqualitifed Audit