Lesson: Report Release Dates

In this lesson, Nick Palazzolo discusses report release dates, which are essential in finalizing auditor files for both non-issuers and issuers. He explains the deadlines for completing final audit files and the implications of these deadlines for auditors. Nick goes on to talk about the rules around maintaining documentation during the retention period and the importance of adding notes to explain any post-finalization additions or modifications. The audit report release date marks the beginning of the retention period, and Nick stresses the significance of obtaining sufficient and appropriate audit evidence to support the auditor's opinion before issuing the report. This lesson provides crucial information on managing deadlines and maintaining accurate records throughout the auditing process.