Dual dating refers to instances of dating the audit report as of the date that financial statements are approved by the auditee's responsible parties (e.g. ,the company's board of directors)and attaching an additional later date to disclosure of a significant subsequent event that requires financial statements to be amended.

Question

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This definition accurately describes dual dating, which involves assigning two different dates to the audit report in order to accurately reflect when financial statements were approved and when significant subsequent events occurred.

Dual Dating Refers to Instances of Dating the Audit Report