Double dating a report is done when
A)the parent company and its subsidiaries have different year-ends.
B)the auditor finishes his work later than planned.
C)a material event occurs after the date of the auditor's report and affects the period that was audited.
D)a material event occurs after the date of the auditor's report and before the date the report is issued.

Question

Quizplus · Accepted Answer

Double dating a report is done when a material event occurs after the date of the auditor's report and before the date the report is issued, which may affect the reader's understanding of the financial statements. Double dating involves adding a subsequent event note and a dual date to the original report to reflect the impact of the material event.

Double Dating a Report Is Done When