The date of the CPA’s opinion on the financial statements of the client should be thedate of the(1) closing of the client’s books.(2) finalization of the terms of the audit engagement.(3) completion of all important audit procedures.(4) submission of the report to the client.

The date of the CPA’s opinion on the financial statements of the client should be thedate of the(1) closing of the client’s books.(2) finalization of the terms of the audit engagement.(3) completion of all important audit procedures.(4) submission of the report to the client.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 45CYBK

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Question

The date of the CPA’s opinion on the financial statements of the client should be the
date of the
(1) closing of the client’s books.
(2) finalization of the terms of the audit engagement.
(3) completion of all important audit procedures.
(4) submission of the report to the client.

Definition Definition Methods and techniques used by the auditor to gather the appropriate evidence so that a true and fair judgment can be made on the quality of the financial statements of the client. Audit procedures are developed after determining audit objectives, scope, approach, and risk assessment.

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