If the auditor is performing substantive tests at an interim date, _______.
A)then this testing will suffice and no further testing needs to be done
B)the auditor should perform no further steps to update their conclusion through the date of the financial statements
C)the auditor must perform steps to update their conclusion to the date of the financial statements
D)the auditor should plan to conduct more tests once the audit report has been issued

Question

Quizplus · Accepted Answer

If the auditor is performing substantive tests at an interim date, they must perform steps to update their conclusion to the date of the financial statements. This is because the financial statements may change between the interim date and the date of the report, so the auditor must update their conclusion to ensure the information is accurate for the full reporting period.

If the Auditor Is Performing Substantive Tests at an Interim