Dating audit report sas 103

While this is a liberal paraphrase of the specifics in the standard, it is the guiding principle for the preparation of all audit documentation.

When the adjustment is made without disclosure of the event, the report ordinarily should be dated in accordance with paragraph .01.

However, if the financial statements are adjusted and disclosure of the event is made, or if no adjustment is made and the auditor qualifies his or her opinion, the procedures set forth in paragraph .05 should be followed.

Note: When performing an integrated audit of financial statements and internal control over financial reporting, the auditor's reports on the company's financial statements and on internal control over financial reporting should be dated the same date.

Note: If the auditor concludes that a scope limitation will prevent the auditor from obtaining the reasonable assurance necessary to express an opinion on the financial statements, then the auditor's report date is the date that the auditor has obtained sufficient appropriate evidence to support the representations in the auditor's report.

In such cases, the independent auditor has no responsibility to make further investigation or inquiry as to events which may have occurred during the period between the original report date and the date of the release of additional reports.

However, see section 711 as to an auditor's responsibility when his report is included in a registration statement filed under the Securities Act of 1933 and see section 508.70–.73, for the predecessor auditor's responsibility when reissuing or consenting to the reuse of a report previously issued on the financial statements of a prior period.In the latter instance, the independent auditor's responsibility for subsequent events extends to the later report date and, accordingly, the procedures outlined in section 560.12 generally should be extended to that date.An independent auditor may reissue his report on financial statements contained in annual reports filed with the Securities and Exchange Commission or other regulatory agencies or in a document he submits to his client or to others that contains information in addition to the client's basic financial statements subsequent to the date of his original report on the basic financial statements.Definitions in the SAS Requirements in the SAS Auditors should consider the documentation of the audit procedures performed and audit evidence obtained.Audit documentation should provide an experienced auditor and understanding of: Matters arising after the Date of the Auditor’s Report When new or additional audit procedures are performed after the date of the auditor’s report, documentation should include a description of the circumstances, additional procedures and related evidence and conclusions, and the effect on the auditor’s report.AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS Statement on Auditing Standards Issued by the Auditing Standards Board December 2005 103 Audit Documentation (Supersedes Statement on Auditing Standards No.

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