Type II subsequent events
A)provide evidence for conditions that existed at the date of the auditor's report
B)provide evidence of conditions that arose after the date of the auditor's report
C)provide evidence for conditions that arose at the date of the financial statements
D)provide evidence of conditions that arose after the date of the financial statements
E)provide evidence for conditions that existed at the date of the financial statements

Question

Quizplus · Accepted Answer

Type II subsequent events refer to events that provide evidence of conditions that arose after the date of the financial statements. These events do not affect the financial statements but may require disclosure.

Type II Subsequent Events