Question: 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
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?
Group of answer choices
| The date of the original last day of fieldwork only. | The date of the subsequent event only. | The date on which the last day of fieldwork occurred along with the date of the subsequent event. |
| No | Yes | Yes |
| The date of the original last day of fieldwork only. | The date of the subsequent event only. | The date on which the last day of fieldwork occurred along with the date of the subsequent event. |
| Yes | Yes | No |
| The date of the original last day of fieldwork only. | The date of the subsequent event only. | The date on which the last day of fieldwork occurred along with the date of the subsequent event. |
| No | Yes | No |
| The date of the original last day of fieldwork only. | The date of the subsequent event only. | The date on which the last day of fieldwork occurred along with the date of the subsequent event. |
| No | No | Yes |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
