An auditor is concerned with completing various phases of the examination after the balance date.This 'subsequent period' for audit testing extends to the date of the:
A)final review of the audit working papers.
B)auditor's report.
C)delivery of the auditor's report to the client.
D)public issuance of the financial report.

Question

Quizplus · Accepted Answer

The subsequent period for audit testing extends to the date of the auditor's report. This is because the auditor's responsibility is to ensure that the financial statements are free from material misstatement up until the date the auditor's report is issued.

An Auditor Is Concerned with Completing Various Phases of the Examination