What is the audit start date?

The audit start date refers to the specific point in time when the auditor begins the process of gathering data relevant to the audit. This is crucial because it marks the beginning of the auditor's active involvement in examining the entity’s records, systems, and processes. It establishes the timeframe during which the auditor will assess the adequacy and accuracy of information to form a basis for the audit findings.

Understanding this date is essential for various aspects of the auditing process, including planning and executing the audit, setting objectives, and determining the scope of work. It is distinct from other key dates in the auditing process, such as the date when the last data is collected, when the audit report is finalized, or when the audit is publicly announced, as these involve different stages of the audit lifecycle.