In this lesson, Nick Palazzolo, CPA, covers the timeline of subsequent events during an audit. He discusses important dates such as the date of the financial statements, the date on which sufficient appropriate evidence has been obtained by the auditor, the date of the auditor's report, and the date that the auditor's report is submitted. He also addresses the auditor's responsibility for subsequent events after the report date and the significance of the financial statement issuance date. Finally, he delves into the requirements for financial statements to be considered issued and how an auditor's responsibility changes at that point.
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