A Type II subsequent event _______.
A)provides evidence of conditions that arose after the date of the financial statements
B)provides evidence of conditions that arose before the date of the financial statements
C)provides evidence of conditions that arose after the date of the auditor's report
D)provides evidence of conditions that arose before the date of the auditor's report

Question

Quizplus · Accepted Answer

A Type II subsequent event refers to events that provide evidence of conditions that arose after the date of the financial statements and do not require adjustment but may require disclosure.

A Type II Subsequent Event _______