Which of the following is a procedure used to identify subsequent events?
A) obtaining evidence from the entity's legal representative concerning litigation and claims
B) assessing continued compliance with borrowing limits and loan covenants
C) performing analytical procedures up to the date of the audit report
D) all of the above

Question

Quizplus · Accepted Answer

All of the options provided are procedures used to identify subsequent events. 
- Obtaining evidence from the entity's legal representative concerning litigation and claims can help identify any potential legal events that occurred after the balance sheet date. 
- Assessing continued compliance with borrowing limits and loan covenants can help identify any breaches or default events that occurred after the balance sheet date. 
- Performing analytical procedures up to the date of the audit report can help identify any material changes or events that occurred after the balance sheet date.

Which of the Following Is a Procedure Used to Identify