If an auditor performs substantive tests of final balances before the year end, he or she must check activities in the period between the date of this work and the year- end. This period is known as the:
A) continuous period.
B) roll forward.
C) pre- balance date period.
D) interim period.

Question

Quizplus · Accepted Answer

The period between the date of substantive testing and the year-end is known as the "roll forward" period, where auditors ensure that no significant changes have occurred.

If an Auditor Performs Substantive Tests of Final Balances Before