Multiple Choice
Which of the following statements is regarding a type 1 subsequent event?
A) they may be of such significance as to require disclosure in the financial report.
B) they are events that do not result in changes to amounts in the financial report.
C) they occur before the end of the client's financial year.
D) the financial report is adjusted for any material changes in estimates from these types of events.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: The uninsured loss of inventory as a
Q24: Generally,the further into the future an event
Q25: The auditor's responsibility for the financial report
Q26: The client's compliance with contractual requirements of
Q27: Explain why the global financial crisis has
Q29: What are examples of matters of governance
Q30: Under section 311 of the Corporations Act
Q31: Identify quantitative and qualitative considerations that are
Q32: Which of the following factors is not
Q33: Under section 311 of the Corporations Act,auditors