Final answer:
The date of the auditor's report indicates the last day of the auditor's responsibility for reviewing significant events after the balance sheet date.
Step-by-step explanation:
The subject of this question is Business and the grade level is College.
The date of the auditor's report is indicative of the last day of the auditor's responsibility for the review of significant events occurring after the balance sheet date. It signifies that the auditor has completed their examination of the financial statements and other relevant information and is prepared to provide their opinion on the accuracy and fairness of the company's financial position.
For example, if the auditor's report is dated December 31, it means that the auditor's review includes any significant events that occurred after the company's balance sheet date, up until December 31. This ensures that the auditor considers any new information that may impact the financial statements.