Dual dating auditing

.01 The auditor should date the audit report no earlier than the date on which the auditor has obtained sufficient appropriate evidence to support the auditor's opinion.

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A1 Definitions.......................................................................................................... A2-A5 Events Occurring between the Date of the Financial Report and the Date of the Auditor’s Report A6-A10 Facts Which Become Known to the Auditor after the Date of the Auditor’s Report but before the Date the Financial Report is Issued.........................................................................................

A11-A16 Facts Which Become Known to the Auditor after the Financial Report has been Issued A17-A18 Conformity with International Standards on Auditing This compilation takes into account amendments made up to and including 27 June 2011 and was prepared on 27 June 2011 by the Auditing and Assurance Standards Board (AUASB).

If disclosure of the event is made, either in a note or in the auditor's report, the auditor would date the report as set forth in the following paragraph.

.05 The independent auditor has two methods for dating the report when a subsequent event disclosed in the financial statements occurs after the auditor has obtained sufficient appropriate evidence on which to base his or her opinion, but before the issuance of the related financial statements.The independent auditor should consider the effect of these matters on his opinion and he should date his report in accordance with the procedures described in paragraph .05..08 However, if an event of the type requiring disclosure only (as discussed in AS 2801.05 and AS 2801.08) occurs between the date of the independent auditor's original report and the date of the reissuance of such report, and if the event comes to the attention of the independent auditor, the event may be disclosed in a separate note to the financial statements captioned somewhat as follows: Event (Unaudited) Subsequent to the Date of the Independent Auditor's Report Under these circumstances, the report of the independent auditor would carry the same date used in the original report.Auditing Standard ASA 560 Subsequent Events (as amended at 27 June 2011) is set out in paragraphs 1 to A18.This Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied.Note: When performing an integrated audit of financial statements and internal control over financial reporting, the auditor's reports on the company's financial statements and on internal control over financial reporting should be dated the same date.

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