Significant Delay in the Signature or ApSignificant Delay in the Signature or Approval of the Financial Report

Significant Delay in the Signature or Approval of the Financial Report

49 When there is significant delay in the signature or approval of the financial report by those charged with governance and management after the balance sheet date, the auditor ordinarily considers the reasons for the delay. When the delay could be related to events or conditions relating to the going concern assessment, under paragraph 31 of this Auditing Standard, the auditor needs to consider the need to perform additional audit procedures, as well as the effect on the auditor’s conclusion regarding the existence of a material uncertainty, as described in paragraph 37.