Multiple Choice
An example of a Type I subsequent event would be _______.
A) a sudden change in senior management after the financial statement date
B) a filing with the Securities and Exchange Commission (SEC) of an amended form 10K after the financial statement date
C) the bankruptcy of a client's customer after year-end as a result of poor financial condition that existed as of the balance sheet date
D) the bankruptcy of a client's customer after year-end as a result of poor financial condition that existed after the balance sheet date
Correct Answer:

Verified
Correct Answer:
Verified
Q48: The final step for the auditor to
Q49: An engagement quality control reviewer _.<br>A)will review
Q50: The management representation letter _.<br>A)can sometimes serve
Q51: A legal representation is a written statement
Q52: The Financial Accounting Standards Board (FASB) defines
Q54: Analytical procedures during risk assessment may identify
Q55: During the risk response phase, _.<br>A)all analytical
Q56: Who considers whether work has been performed
Q57: Which statement defines a Type 1 subsequent
Q58: If auditors determine there is substantial doubt