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) roll forward.
B) pre-balance date period.
C) interim period.
D) continuous period.

Question

Quizplus · Accepted Answer

The period between the date of substantive testing and the year-end is known as the roll forward period. During this period, the auditor must ensure that any transactions or events that occurred after the date of substantive testing are properly reflected in the financial statements. The auditor performs roll forward procedures to bring the audit work up-to-date to the financial statement date.

If an Auditor Performs Substantive Tests of Final Balances Before