The following auditing interpretation reflects references to standards before their reorganization. The reorganized auditing interpretation is available here.
AU Section 9561
Subsequent Discovery of Facts Existing at the Date of the Auditor's Report: Auditing Interpretations of Section 561
1.Auditor Association With Subsequently Discovered Information When the Auditor Has Resigned or Been Discharged
Question—New information may come to an auditor's attention subsequent to the date of his report on audited financial statements that might affect the previously issued audit report. Is the auditor's responsibility with respect to that information different if the auditor has resigned or been discharged prior to undertaking or completing his investigation than if he were the continuing auditor?
Interpretation—No. Section 561, Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, requires the auditor to undertake to determine whether the information is reliable and whether the facts existed at the date of his report. This undertaking must be performed even when the auditor has resigned or been discharged.
[Issue Date: February, 1989.]