For audit purposes, subsequent events are defined as events that occur after the
A)Balance sheet date.
B)Date of the audit report.
C)Balance sheet date but prior to the date of the audit report.
D)Date of the audit report and concern contingencies that are not reflected in the financial statements.

Question

Quizplus · Accepted Answer

Subsequent events are those that occur after the balance sheet date but before the date of the audit report, which may require adjustments or disclosures in the financial statements.

For Audit Purposes, Subsequent Events Are Defined as Events That