An auditor's decision concerning whether or not to "dual date" the audit report is based upon the auditor's willingness to
A) extend auditing procedures and assume responsibility for a greater period of time.
B) accept responsibility for subsequent events.
C) permit inclusion of a footnote captioned: event (unaudited) subsequent to the date of the auditor's report.
D) assume responsibility for events subsequent to the issuance of the auditor's report.

Question

Quizplus · Accepted Answer

Dual dating the audit report extends the auditor's responsibility to a specific event that occurred after the original date of the auditor's report but before the report was issued. This involves extending auditing procedures for that specific event without assuming responsibility for other events that may have occurred during that period.

An Auditor's Decision Concerning Whether or Not to "Dual Date