Question

Roll-forward procedures relate to _______.

1) auditors updating their audit findings from an interim period through year-end
2) auditors updating their audit findings from year-end through an interim period
3) any substantive procedure performed after the balance sheet date
4) any procedure carried out by the auditor to update their audit findings through the date of the audit report

Answer 1

Roll-forward procedures relate to auditors updating their audit findings from an interim period through year-end.

Step-by-step explanation:

Roll-forward procedures relate to auditors updating their audit findings from an interim period through year-end. This involves the auditor reassessing the results of their procedures performed during the interim period and extending them to cover the entire year. It helps ensure that the financial statements are accurate and reliable.