6.08 - SUMMARY OF NON-STANDARD REPORTS AND OVERVIEW

Question 1

In May 20X4, an auditor reissues the auditor’s report on the 20X2 nancial statements at a continuing client’s request. The 20X2 nancial statements are not restated and the auditor does not revise the wording of the report. The auditor should

A) Dual date the reissued report.

B) Use the release date of the reissued report.

C) Use the original report date on the reissued report.

D) Use the current-period auditor’s report date on the reissued report.

Answer 1

C) Use the original report date on the reissued report.

If an auditor reissues a report in a subsequent year and there are no restatements to the financial statements or rewording of the report, the original date of the report, which is the last day of fieldwork in the prior year, would be appropriate If the auditor were to change the date of the original report, it would imply that the auditor had extended audit procedures beyond the last day of fieldwork and would increase potential liability.