Type I subsequent events are always referenced in the audit report.

Name: Type I subsequent events are always referenced in the audit report.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Type I subsequent events, which are events that provide additional evidence about conditions that existed at the balance sheet date, do not always require specific reference in the audit report unless they have a material impact on the financial statements and are not adequately disclosed in the notes to the financial statements.

Type I Subsequent Events Are Always Referenced in the Audit