An audit report was dual-dated for a subsequent event disclosed in the financial statements, which occurred after the completion of the evidence collection process butbefore the issuance of the financial statements. The auditor’s responsibility for eventsoccurring subsequent to the completion of the evidence collection process was(1) limited to include only events occurring before the date of the last subsequentevent referred to.(2) extended to subsequent events occurring through the date of issuance of thefinancial statements.(3) limited to the specific events referred to.(4) extended to include all events occurring since the completion of the evidencecollection process.
An audit report was dual-dated for a subsequent event disclosed in the financial statements, which occurred after the completion of the evidence collection process butbefore the issuance of the financial statements. The auditor’s responsibility for eventsoccurring subsequent to the completion of the evidence collection process was(1) limited to include only events occurring before the date of the last subsequentevent referred to.(2) extended to subsequent events occurring through the date of issuance of thefinancial statements.(3) limited to the specific events referred to.(4) extended to include all events occurring since the completion of the evidencecollection process.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An audit report was dual-dated for a subsequent event disclosed in the financial statements, which occurred after the completion of the evidence collection process but
before the issuance of the financial statements. The auditor’s responsibility for events
occurring subsequent to the completion of the evidence collection process was
(1) limited to include only events occurring before the date of the last subsequent
event referred to.
(2) extended to subsequent events occurring through the date of issuance of the
financial statements.
(3) limited to the specific events referred to.
(4) extended to include all events occurring since the completion of the evidence
collection process.
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