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 may use the date of the subsequent event disclosure in the financial statements or the date of the auditor's report, whichever is later. Choice B represents the date of the report, which is later than the date the subsequent event occurred.

If the Auditor Determines That a Subsequent Event That Affects