Procedures used by an auditor when conducting a subsequent events review include:
A) reading minutes of the meetings of the board of directors.
B) assessing continued compliance with borrowing limits and loan covenants.
C) enquiring of those charged with governance as to whether any subsequent events have occurred that may affect the financial report.
D) All of the above
Correct Answer:
Verified
Q1: Which of the following are areas normally
Q3: The auditor's responsibility for the financial report
Q4: The uninsured loss of inventory as a
Q5: The final phase of an audit is
Q6: Generally,the further into the future an event
Q7: A type 1 subsequent event provides evidence
Q8: Subsequent events procedures are normally performed through
Q9: An unqualified audit report with an emphasis
Q10: An error is an intentional misstatement in
Q11: As soon as practicable,the auditor should communicate
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