Timing of Review of Workpapers
809.3 SAS No. 103 (AU 339),
requires that the date of the auditor's report should be no earlier
than the date that sufficient appropriate evidence has been obtained to
support the opinion on the financial statements. Among other items, sufficient appropriate audit evidence includes evidence that:
a. The audit documentation has been reviewed.
b. The financial statements, including disclosures, have been prepared.
c. Management has taken responsibility for the financial statements.
- authors believe that both the detailed and supervisory review should be
- performed and evidenced prior to the date of the auditor's report.