Events occurring after the date of the balance sheet but before the issuance of the financial statements and auditor's report are referred to as:
A) interim events.
B) post-closing events.
C) pre-audit events.
D) subsequent events.

Question

Quizplus · Accepted Answer

Subsequent events are events occurring after the balance sheet date but before the issuance of the financial statements and auditor's report. They may require adjustment to the financial statements or disclosure in the footnotes. Hence, option D is the correct choice.

Events Occurring After the Date of the Balance Sheet but Before