Dating the Auditor's Report
811.5 SAS No. 103, which amends SAS No. 1, Codification of Auditing Standards and Procedures (AU 530,Dating of the Independent Auditor's Report),
requires that the date of the auditor's report should be no earlier
than the date sufficient appropriate audit 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 work has been reviewed.
b. The financial statements, including disclosures, have been prepared.
c. Management has taken responsibility for the financial statements.