CAF-8 · Chapter 15 · Question 5 of 10
If management amends the financial statements for a specific subsequent event after the original audit report was signed, the auditor may use 'Dual Dating' (e.g., '14 August, except for Note X, which is 6 September'). What does this signify?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) That the auditor's responsibility for subsequent events beyond the original date is restricted solely to the specific amended item.
Explanation
Dual dating limits the auditor's liability. It indicates that the auditor completed their active review of all subsequent events up to the first date, but extended their procedures ONLY for the specific amended note up to the second date.
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