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  3. Study Set
    Auditing A Business Risk Approach
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    Exam 15: Ensuring Audit Quality in Completing the Audit
  5. Question
    An Example of a Type II Subsequent Event Includes the Settlement
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An Example of a Type II Subsequent Event Includes the Settlement

Question 29

Question 29

True/False

An example of a Type II Subsequent Event includes the settlement two months after year-end of a liability for an amount well in excess of the amount that was accrued at year-end.

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