What is the date of audit?
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The AR provides critical information that helps the company’s stakeholders to make informed decisions. The AR is an electronic form lodged with ACRA through its online filing system – BizFile+ and contains important particulars of the company such as the name of the directors, its members, and the date to which the financial statements of the company are made up to.
When a company/director lodges an AR through ACRA's online filing system, BizFile+, the following information is required in the AR form:-
If the company has dispensed with the holding of AGM or qualifies for the AGM exemption and a member requests for an AGM to be held after the company has filed an AR, the company is required to lodge a “Notification of AGM” online through BizFile+. The following information is required in the form:
Upon filing of the Annual Return (AR) in ACRA’s online filing system, BizFile+, a late lodgement fee will be imposed for the late filing of the AR. ACRA may separately take enforcement action for the AGM and AR breaches which includes offering of composition sum or prosecution action. The report release date is the date on which an auditor allows a client to use the auditor's report as an accompaniment to the client's financial statements. The Public Company Accounting Oversight Board sets a maximum number of days following the report release date that an auditor has in which to complete the audit documentation for the related audit. The auditor should not date the report earlier than the date on which all other information contained in a report of which the audited financial statements form a part have been approved by the directors, and the auditor has considered all necessary available evidence. Need help? Get subscribed!To subscribe to this content, simply call 0800 231 5199 We can create a package that’s catered to your individual needs. Or book a demo to see this product in action. 1 See AS 2905, Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, regarding procedures to be followed by the auditor who, subsequent to the date of his report upon audited financial statements, becomes aware that facts may have existed at that date which might have affected his report had he then been aware of such facts.What is the period of audit?An audit period is typically six months or twelve months, and the auditor issues an opinion and performs testing on controls that were in place over a period of time.
Which date is mentioned in audit report?. 01 The auditor should date the audit report no earlier than the date on which the auditor has obtained sufficient appropriate evidence to support the auditor's opinion. Paragraph .
What is the report release date?The report release date is the date on which an auditor allows a client to use the auditor's report as an accompaniment to the client's financial statements.
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