The Audit Report Date Is Important to Users Because It

question 62

Multiple Choice

The audit report date is important to users because it indicates the last day

• A)of the fiscal period.
• B)on which the financial statements may be filed with the provincial securities commission.
• C)on which users may institute a lawsuit against either the client or auditor.
• D)of the auditor's responsibility for the review of significant events that occurred after the date of the financial statements.

---

Definitions:

Somnambulation

The act of walking or performing complex activities while in a state of sleep; also known as sleepwalking.

Stage III Sleep

A deep sleep phase in the sleep cycle, characterized by slow brain waves called delta waves, important for restorative sleep and health.

Sleep Pattern

The habitual timing, duration, and quality of an individual's sleep, including rhythms of waking and sleeping.

Sleep Diary

A self-reported record kept by an individual to track patterns and problems related to sleep over a period of time.