If a prospectus is issued more than 90 days beyond the balance sheet date, then auditor will need to perform procedures on interim financial statement information prior to permitting the use of their audit opinion in the prospectus.

Question

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When a prospectus is issued more than 90 days after the balance sheet date, auditors need to perform additional procedures on interim financial information to ensure that the financial data is still accurate and reliable for investors.

If a Prospectus Is Issued More Than 90 Days Beyond