Which of the following procedures would an auditor ordinarily perform during the review of subsequent events?
A)An analysis of related party transactions for the discovery of possible irregularities.
B)A review of the cutoff bank statements for the period after the year-end.
C)A reading of the available minutes of meetings of stockholders, directors, or other committees for the subsequent-events period.
D)An investigation of material weaknesses in internal control previously communicated to the entity.

Question

Quizplus · Accepted Answer

During the review of subsequent events, it is important for the auditor to review the available minutes of meetings of stockholders, directors, or other committees for the subsequent-events period to identify any potential events that may have an impact on the financial statements. Options A, B, and D are not necessarily related to the review of subsequent events.

Which of the Following Procedures Would an Auditor Ordinarily Perform