The Appropriate Audit Report Date for a Standard Nonqualitifed Audit

question 80

Multiple Choice

The appropriate audit report date for a standard nonqualitifed audit report for a non-public entity should be the:

• A) date the financial statements are given to the Board of Directors.
• B) date of the financial statements.
• C) date the auditor completed the auditing procedures in the field.
• D) 60 days after the date of the financial statements as required by the SEC.

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct, often addressing issues of morality.

Tradition

Customs, beliefs, or practices passed down through generations within a culture or society.

Religion

A set of beliefs regarding the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, often involving devotional and ritual observances.