Dual-dating of an audit report extends the auditors' liability for disclosure through the later date for all areas of the financial statements.

Question

Quizplus · Accepted Answer

Dual-dating of an audit report extends the auditors' liability for disclosure only for the specific event or transaction that occurred between the original date of the auditor's report and the later date. It does not extend liability for all areas of the financial statements.

Dual-Dating of an Audit Report Extends the Auditors' Liability for Disclosure