Exam CPA Auditing and Attestation topic 1 question 31 discussion

Actual exam question from Test Prep's CPA Auditing and Attestation

Question #: 31
Topic #: 1

[All CPA Auditing and Attestation Questions]

An auditor issued an audit report that was dual dated for a subsequent event occurring after the original date of the auditor's report but before issuance of the related financial statements. The auditor's responsibility for events occurring subsequent to the original report date was:

A. Limited to include only events occurring up to the date of the last subsequent event referenced.
B. Limited to the specific event referenced.
C. Extended to subsequent events occurring through the later date.
D. Extended to include all events occurring since the original report date.

Show Suggested Answer

Suggested Answer: B 🗳️
Choice "b" is correct. When an auditor issues a report that is dual dated for a subsequent event occurring after the original date of the auditor's report, but before issuance of the related financial statements, the auditor's responsibility for events occurring subsequent to the original report date is limited to the specific event referenced.
Choices "a", "c", and "d" are incorrect. The auditor takes responsibility for only the specific event noted in the dual dating and no other event occurring subsequent to the original report date.

by gemazyni at April 5, 2025, 5:39 p.m.

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