Dating reissued financial statements

Dating reissued financial statements

If the auditor dates the report as of the date of the subsequent event rather than dual dating the report he or she should extend the subsequent events review to that date.

When the auditor reissues the report and uses the original report date, he or she does not have to investigate or inquire about events affecting the financial statements reported on that may have occurred between the original date and the reissuance date.

[The following paragraph is effective for audits of fiscal years beginning on or after December 15, 2010. Paragraph .05 describes the procedure to be followed when a subsequent event occurring after the report date is disclosed in the financial statements.

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.

The auditor does not have to make inquiries or apply other auditing procedures after the date of his or her report under ordinary conditions. A subsequent events review is the auditor’s review of transactions and events occurring after the date of the balance sheet and up to the date of the auditor’s report.

The auditor has no responsibility to make any inquiry or carry out any auditing procedures for the period after the date of his report.His research is comprehensive, and he has a marvellous ability to provide the reader with fluent discourse laced with quirky humour and fascinating detail.There is no shortage of fascinating material on the twenties, however Bill Bryson bring the decade alive by weaving through themes related to key events in the middle of 1927.Kay eventually subcontracted its amplifier production to Chicago music industry rival Valco in the 1950s.After the retirement of Kuhrmeyer in 1955, the company was taken over by Sidney M. The product line of Kay was shifted toward electric musical instruments on demands, and in 1964, the company moved to a new factory in Elk Grove Village, Illinois.

dating reissued financial statements-81dating reissued financial statements-59dating reissued financial statements-87

Kay offered their first electric guitar in 1936—five years after the Rickenbacker Frying pan, and the same year as the Gibson ES-150.

Join our conversation (16 Comments).
Click Here To Leave Your Comment Dating reissued financial statements.


Leave a Reply

Your email address will not be published. Required fields are marked *