If the auditor determines that a subsequent event that affects the current period financial statements occurred after fieldwork was completed but before the audit report was issued,what date(s)may the auditor use on the report?

Question

Quizplus · Accepted Answer

The auditor should use dual dating on the audit report to reflect the subsequent event. The first date should be the date when the financial statements were originally issued, and the second date should be the date when the subsequent event occurred. Choice B shows the correct format for dual dating, where the first date is before the subsequent event and the second date is after. Choices A, C, and D do not reflect dual dating.

If the Auditor Determines That a Subsequent Event That Affects