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CA Final · Advanced Auditing, Assurance and Professional Ethics · Group Audits

Under SA 600 (Using the Work of Another Auditor) as set out in the official text, to which audits does the Standard become operative?

SA 600 became operative for all audits relating to accounting periods beginning on or after April 1, 2002. The test is the beginning of the accounting period, not its end or the date the audit report is signed.

  1. AAudits relating to accounting periods beginning on or after April 1, 2002Correct
  2. BAudits relating to accounting periods ending on or after April 1, 2002
  3. CAudits of financial statements signed on or after April 1, 2002
  4. DAudits relating to accounting periods beginning on or after April 1, 2012

Explanation

The effective date section says the Standard is operative for all audits relating to accounting periods beginning on or after April 1, 2002. The test is when the accounting period begins, not when it ends or when the report is signed. The 2012 date is wrong.

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