Multiple Choice
Which of the following statements is regarding a type 1 subsequent event?
A) they are events that do not result in changes to amounts in the financial report.
B) they occur before the end of the client's financial year.
C) they may be of such significance as to require disclosure in the financial report.
D) the financial report is adjusted for any material changes in estimates from these types of events.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Subsequent events procedures are normally performed through
Q5: The auditor's report will not require a
Q8: Demand for forensic accounting has grown following
Q9: A type 1 subsequent event provides evidence
Q12: Which of the following factors is not
Q13: Procedures used by an auditor when conducting
Q17: An unqualified audit report with an emphasis
Q24: If the auditor is not able to
Q24: Generally,the further into the future an event
Q38: A limitation on the scope of the