Question

With respect to issuance of an audit report which is dual dated for a subsequent event occurring after the completion of field work but before issuance of the auditors' report, the auditors' responsibility for events occurring subsequent to the completion of field work is:

A. Extended to include all events occurring until the date of the last subsequent event referred to.
B. Limited to the specific event referred to.
C. Limited to all events occurring through the date of issuance of the report.
D. Extended to include all events occurring through the date of submission of the report to the client.

Answer 1

The auditors' responsibility for events occurring subsequent to the completion of field work is limited to all events occurring through the date of issuance of the report.

Step-by-step explanation:

The correct answer is C. Limited to all events occurring through the date of issuance of the report.

When an audit report is dual dated for a subsequent event occurring after the completion of field work but before issuance of the auditors' report, the auditors' responsibility is limited to all events occurring through the date of issuance of the report. This means that the auditors are responsible for events that occur until the date the report is issued, but not events that occur after the report has been issued.

For example, if an audit report is dual dated with a subsequent event occurring on June 30 and the report is issued on July 15, the auditor's responsibility is limited to events occurring until June 30, but not events that occur after that date.