Dating The Auditor Report

Download PDF. The COVID pandemic and the related market conditions create many new uncertainties for auditors, audit committees, investors and management of public companies. Under US GAAP, financial statements are generally prepared under the assumption that a company will continue as a going concern for a reasonable period of time. This resource is intended as general information and should not be relied upon as being definitive or all-inclusive, or a substitute for PCAOB and SEC rules, FASB accounting requirements, standards, guidance, or other resources. Rather, the auditing standard suggests that the results of auditing procedures performed to achieve other audit objectives be leveraged to identify such conditions and events.

Company Filings. Back to Table of Contents. However, the firm cannot update or dual-date a previously issued report after the firm is no longer registered, as that involves additional audit work. In addition, the K is deemed not timely filed. However, relief from these requirements may be available for recently-acquired subsidiary guarantors in certain circumstances. Financial statements previously audited by a firm whose registration has been revoked would generally need to be reaudited by a PCAOB registered firm prior to inclusion in future filings or if included in a registration statement that has not yet been declared effective. The staff will consider all relevant factors in questioning the location from which the audit report was rendered.

We have lost colleagues and loved ones and have had to deal with profound change. A few conferences are still virtual and may remain that way, but it is nice to have options to meet in person. If you have attended Bootcamp, you know it really works best when the group has a chance to bond with their teams, which is difficult to replicate online. I would like to thank you for the honor of serving as your President over the past year. I am looking forward to passing the reins to the very capable Allen Blay this August at the Annual Meeting and moving into the Past President role which involves chairing several committees and supporting the section from behind the scenes.

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