AU 530: Dating of the Independent Auditor’s Report1
AU-C 700: Forming an Opinion and Reporting on Financial Statements
AU-C 560: Subsequent Events and Subsequently Discovered Facts
AU EFFECTIVE DATE AND APPLICABILITY
|Original Pronouncements||Statements on Auditing Standards (SASs) 1, 29, 98, and 103.|
|Effective Date||These statements currently are effective.|
|Applicability||Audits of financial statements in accordance with generally accepted auditing standards (GAAS).|
AU-C EFFECTIVE DATE AND SUMMARY OF CHANGES
SAS No. 122, Codification of Auditing Standards and Procedures, is effective for audits of financial statements with periods ending on or after December 15, 2012.
The clarified SAS combines the requirements and guidance from extant AU Section 530, AU Section 560, AU Section 561, and paragraphs .71–.73 of AU Section 508. The clarified SAS does not change or expand these extant AU sections in any significant respect.
AU DEFINITIONS OF TERMS
Date of auditor’s report. The date on which the auditor has obtained sufficient appropriate audit evidence to support the opinion.
Dual-dated report. Auditor’s report ...