Non-coterminous reporting dates
Non-coterminous reporting dates occur when entities within a group report at different dates. The group auditor considers the reporting framework requirements for consolidation and the risk of material transactions or events arising between the component and group reporting dates. Procedures depend on the circumstances and reporting framework.
Worked example
A subsidiary reports on 30 September while the parent reports on 31 December; the auditor examines significant intervening transactions and consolidation adjustments.
Common mistake
Do not assume different reporting dates are always prohibited or that no intervening-period work is needed.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |