An audit firm is engaged to audit a company for the financial year 2025–26. The financial statements prepared by management reflect a profit before…

An audit firm is engaged to audit a company for the financial year 2025–26. The financial statements prepared by management reflect a profit before tax of ₹1 crore. As the audit is nearing completion, CA Y instructs his staff to prepare a draft audit report with a proposed date of 4th July, 2026. Meanwhile, certain audit evidence and events come to his notice: A response to a pending external confirmation is received on 5th July, 2026 and it agrees with the balances recorded in the books. On 3rd July, 2026, through local vernacular newspapers, CA Y becomes aware that one of the company's major customers—owing ₹50 lakhs—has fled the country after becoming insolvent. An FIR has been filed on the same date. Written representations from management are received on 10th July, 2026. The engagement partner now needs to determine the appropriate date to sign the audit report. Based on the above scenario, on which date should the auditor sign the audit report?