Question

An auditor performs interim work at various times throughout the year. The auditor's subsequent events work should be extended to the date of

A) the auditor's report.
B) a post-dated footnote.
C) the next scheduled interim visit.
D) the final billing for audit services rendered

Answer 1

The auditor's work on subsequent events should extend until the date of the auditor's report to ensure that the financial statements are accurate and reflect all significant events up to that point.

Step-by-step explanation:

The auditor's subsequent events work should be extended to the date of the auditor's report. This is because any events that occur between the end of the financial period and the date of the auditor's report might have a significant effect on the financial statements and, therefore, need to be considered by the auditor. The auditor must review and understand events up to this date to ensure that the financial statements give a true and fair view and to consider the need for any adjustments or disclosures in the financial statements.