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What date should the auditor assess subsequent events through?

The audit team should assess whether any subsequent events should be disclosed in the financial statements up through the date that the financial statements and auditors report are issued to the general public.

Technically, the subsequent event period stops on the date of the auditors report, but the audit team should still be aware of any significant events until their report is issued. If the audit team dates their report, and then identifies a subsequent event, they should request that the financial statements be updated.


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