Amendments to the auditor’s report

Books of Account
Standard on Auditing (SA) 560 (Revised): Subsequent Events
Institute of Chartered Accountants of India
( www.icai.org )

Dual dating

A recent pronouncement of the Institute of Chartered Accountants of India talks about ‘dual dating’ by auditors. If that sounds queer, read on: “When… the auditor amends the auditor’s report to include an additional date restricted to that amendment, the date of the auditor’s report on the financial statements prior to their subsequent amendment by management remains unchanged because this date informs the reader as to when the audit wor k on those financial statements was completed,” states a paragraph in Standard on Auditing (SA) 560 (Revised): Subsequent Events.

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