Financial Auditing

1. Why is the report date so important? What reports are dated the same date as the report date?

2. What is the auditor's responsibility for fraud in the audit of a client's financial statements? What should the auditor do if the auditor's work uncovers embezzlement by a client's chief executive?

3. What steps under SAS 99 does an audit team have to perform to comply with the provisions of GAAS?