As part of the review for subsequent events,the auditor will review financial statements prepared after the balance sheet date.The purpose of this review is to examine changes after year end and to look for
A)errors in capital versus maintenance charge allocations that occurred after the year end.
B)subsequent payments to accounts payable and long term debt.
C)subsequent receipts in accounts receivable,especially for the larger customers.
D)changes in the business relative to results for the same period in the year under audit.

Question

Quizplus · Accepted Answer

The Answer of As part of the review for subsequent events,the auditor will review financial statements prepared after the balance sheet date.The purpose of this review is to examine changes after year end and to look for
A)errors in capital versus maintenance charge allocations that occurred after the year end.
B)subsequent payments to accounts payable and long term debt.
C)subsequent receipts in accounts receivable,especially for the larger customers.
D)changes in the business relative to results for the same period in the year under audit.

As Part of the Review for Subsequent Events,the Auditor Will