Example dual dating audit report
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If you identify a subsequent event that requires disclosure, your audit firm will consider dual-dating the report.
accounts receivable Debts due from customers from sales of products and services reported as a current asset.
accounting principles are alternative ways of reporting and disclosing information in financial statements and related footnotes.accounting and review services are governed by official pronouncements covering compilation and review engagements.Compilation is presenting in the form of financial statements information that is the representation of management (owners) without expressing assurance. accounting data includes journals, ledgers and other records, such as spreadsheets, that support financial statements. accounting estimate An approximation of a financial statement element.The staff considered if a new set of financial statements supersedes the previously issued set of financial statements, the investors will want to know about any adjusting and non-adjusting events occurring up to the new date of authorisation for issue.The staff concluded that the Committee should propose an amendment to IAS 10 in order to clarify that if an entity reissues a new set of financial statements that supersedes the previously issued set, then this entity should in the new set of financial statements account for any adjusting events and disclose any non-adjusting events that have occurred between the previous date that the financials were authorised for issue and the new date the financial statements were authorised for issue.