Dual dating auditing

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ISSN 1833-4393 Introduction Scope of this Auditing Standard..............................................................................Obtaining a Copy of this Auditing Standard The most recently compiled versions of Auditing Standards, original Standards and amending Standards (see Compilation Details) are available on the AUASB website: COPYRIGHT © 2011 Auditing and Assurance Standards Board.The text, graphics and layout of this compiled Auditing Standard are protected by Australian copyright law and the comparable law of other countries..07 In some cases, it may not be desirable for the independent auditor to reissue his report in the circumstances described in paragraph .06 because he has become aware of an event that occurred subsequent to the date of his original report that requires adjustment or disclosure in the financial statements.In such cases, adjustment with disclosure or disclosure alone should be made as described in AS 2801.08., regarding procedures to be followed by the auditor who, subsequent to the date of his report upon audited financial statements, becomes aware that facts may have existed at that date which might have affected his report had he then been aware of such facts.These Auditing Standards establish requirements and provide application and other explanatory material to auditors regarding their responsibilities relating to subsequent events in an audit of a financial report..02 The auditor has no responsibility to make any inquiry or carry out any auditing procedures for the period after the date of his report.) occurs after the date of the independent auditor's report but before the issuance of the related financial statements, and the event comes to the attention of the auditor, the financial statements should be adjusted or the auditor should qualify his or her opinion.When the adjustment is made without disclosure of the event, the report ordinarily should be dated in accordance with paragraph .01.However, if the financial statements are adjusted and disclosure of the event is made, or if no adjustment is made and the auditor qualifies his or her opinion, the procedures set forth in paragraph .05 should be followed..04 In case a subsequent event of the type requiring disclosure (as discussed in AS 2801.05) occurs after the date of the auditor's report but before the issuance of the related financial statements, and the event comes to the attention of the auditor, it should be disclosed in a note to the financial statements or the auditor should qualify his or her opinion.

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