If the balance sheet of a company is dated December 31,2018,the audit report is dated March 6,2019,and both are released to the public on March 15,2019,this indicates that the auditor has searched for material unrecorded transactions and events that occurred up to
A)December 31,2018.
B)March 6,2019.
C)March 15,2019.
D)December 31,2019.

Question

Quizplus · Accepted Answer

The audit report is dated March 6, 2019, which means the auditor has completed their audit procedures up to that date. The release of the balance sheet and audit report to the public on March 15, 2019, indicates that the auditor has completed their work up to March 6, 2019, but not beyond that date. Therefore, the auditor has searched for material unrecorded transactions and events that occurred up to March 6, 2019, but not beyond that date.

If the Balance Sheet of a Company Is Dated December