Examples of Type I Events Are

Multiple Choice

Examples of Type I events are

A) a customer with a material accounts receivable balance goes bankrupt between the balance sheet date and the date of the audit report
B) the purchase of a new business between the balance sheet date and the date of the audit report
C) the loss of a warehouse as a result of a fire with a material amount of the loss not reimbursed by insurance between the balance sheet date and the date of the audit report
D) sale of a bond between the balance sheet date and the date of the audit report
E) settlement of a legal case between the balance sheet date and the date of the audit report
F) both A and C
G) both A and E
H) both D and E