The audit report date is important to users because it indicates the last day
A)of the fiscal period.
B)on which the financial statements may be filed with the provincial securities commission.
C)on which users may institute a lawsuit against either the client or auditor.
D)of the auditor's responsibility for the review of significant events that occurred after the date of the financial statements.

Question

Quizplus · Accepted Answer

The audit report date signifies the last day of the auditor's responsibility for reviewing significant events that occurred after the date of the financial statements, ensuring that any material events are properly accounted for or disclosed.

The Audit Report Date Is Important to Users Because It