The auditor actively seeks audit evidence up to the date of the audit report.After that date,the auditor does not seek new evidence.

Question

Quizplus · Accepted Answer

This statement is true as per the auditing standards. The auditor is responsible for obtaining sufficient and appropriate audit evidence up to the date of the audit report. Any events or transactions that occur after the audit report date are considered subsequent events and may require additional disclosures or adjustments in the financial statements, but the auditor does not seek new audit evidence for these events.

The Auditor Actively Seeks Audit Evidence Up to the Date