Which of the following procedures would auditors most likely perform to obtain evidence about the occurrence of subsequent events?
A)Confirming a sample of material accounts receivable established after year-end.
B)Comparing the financial statements being reported on with those of the prior period.
C)Reading minutes of meetings of owners, management, or those charged with governance held after the date of the financial statements.
D)Inquiring as to whether any unusual adjustments were made just before year-end.

Question

Quizplus · Accepted Answer

Reading minutes of meetings of owners, management, or those charged with governance held after the date of the financial statements is a procedure that can provide evidence about the occurrence of subsequent events. This may give auditors insight into any events that might have occurred between the end of the reporting period and the date of the auditor's report. The other choices are not relevant to obtaining evidence about subsequent events.

Which of the Following Procedures Would Auditors Most Likely Perform