Question

Audit reports should be dated the date on which the financial statements are issued or the date of the audit engagement.

the question is

true or false ?

Answer 1

The given question is False.

The date of Audit report is the date, when auditor Finalize the audit report.

Firstly audit engagement is accepted by auditor.

Auditor start with it audit procedure and during audit he comes across various audit observasions.

Audit observations are dicussed with management.

If any mistakes or error are required to be corrected same are being communicated .

Then auditor prepare Audit report.

The date of audit report finalized by auditor. It should not be earlier than the date of signing of Financial statements and director's report.