A former client requests a predecessor auditor to reissue an audit report on a prior period's financial statements. The financial statements are not restated and the report is not revised. What date(s) should the predecessor auditor use in the reissued report?

Question

Quizplus · Accepted Answer

Choice "A" is correct. The date of the prior-period report should be used as long as the FS are not restated, the report is not revised, and no significant changes have occurred that would affect the prior FS. Choices "B" and "C" are incorrect. Using the date of the client's request or the date of reissue would extend the auditor's responsibility to that date. Choice "D" is incorrect. The auditor may dual date the report if a material subsequent event has occurred, but dual dating is not used for reissuing a report.

A Former Client Requests a Predecessor Auditor to Reissue an Audit