The auditor's responsibility for reviewing subsequent events is normally limited to thirty days after the balance sheet date.

Question

Quizplus · Accepted Answer

The auditor's responsibility for reviewing subsequent events is not limited to thirty days after the balance sheet date, but extends to the date of the auditor's report. This is because events that occur after the balance sheet date but before the issuance of the auditor's report may impact the financial statements and require disclosure or adjustment.

The Auditor's Responsibility for Reviewing Subsequent Events Is Normally Limited