The audit report date on a standard unqualified report indicates:
A) the last day of the fiscal period.
B) the date on which the financial statements were filed with the Securities and Exchange Commission.
C) the last date on which users may institute a lawsuit against either client or auditor.
D) the last day of the auditor's responsibility for the review of significant events that occurred subsequent to the date of the financial statements.

Question

Quizplus · Accepted Answer

The audit report date on a standard unqualified report indicates the last day of the auditor's responsibility for the review of significant events that occurred subsequent to the date of the financial statements. The other options listed are not the correct date indicated by the audit report.

The Audit Report Date on a Standard Unqualified Report Indicates