A1 - Audited Financials - Events occurring after year-end

Question 1

When does an auditor’s active responsibility for subsequent events stop?

Answer 1

On the date of the auditor’s report

Question 2

After issuing a report, an auditor has NO obligation to make continuing inquiries or perform other procedures concerning the audited financial statements, unless:

Answer 2

Information, which existed at the report date and may affect the report, comes to the auditor’s attention.