[pickanicken]

Can someone clear this up: My understanding was that the auditor is only responsible until the date their report is issued or if an event is brought to their attention after the report date. Then I have also read that the auditor is responsible up until the date the financials are filed with the SEC. Can someone explain?

REG - 81
BEC - 83
AUD - 86
FAR - 78 (Done!)

[EuroAddict]

I've gone thru a ton of MCQ's and never once saw a Q regarding date of SEC filing and responsibilities.

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BEC - 77, 03/2015 (first try)
FAR - 79, 05/2015 (second try)
REG - 83, 12/2015 (first try)
AUD - 84, 03/2015 (first try)

I got 99 problems but the CPA ain't one.

[Me!]

I ran across this issue today under AU-C 560.A18. The auditor is responsible if it existed at the balance sheet date and if third parties are relying on the information even if the auditor has withdrawn or discharged. The question was regarding fraudulent revenues, not pertaining to the SEC though.

[Author]

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