ASB Issues Interpretation to SAS 119

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The Auditing Standards Board has issued Interpretation No. 1, “Dating the Auditor’s Report on Supplementary Information,” to SAS No. 119, Supplementary Information in Relation to the Financial Statements as a Whole. The interpretation addresses how an auditor makes clear that no additional procedures were performed on the audited financial statements subsequent to the date of the auditor’s report on those financial statements when reporting on the supplementary information (either in a separate report or in an explanatory paragraph within the auditor’s report on the financial statements) after the date of the auditor’s report on the financial statements.

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