Which of the following statements is regarding a type 1 subsequent event?
A) they may be of such significance as to require disclosure in the financial report.
B) they are events that do not result in changes to amounts in the financial report.
C) they occur before the end of the client's financial year.
D) the financial report is adjusted for any material changes in estimates from these types of events.
Correct Answer:
Verified
Q10: An error is an intentional misstatement in
Q11: As soon as practicable,the auditor should communicate
Q12: Under the going concern assumption:
A)an entity is
Q13: Under section 311 of the Corporations Act,auditors
Q14: A limitation on the scope of the
Q16: Matters of governance that the auditor may
Q17: Which of the following factors is not
Q18: The client's compliance with contractual requirements of
Q19: Sufficiency relates to the quality of audit
Q20: Breaches of accounting standards are not considered
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents