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What are the auditors responsibilities in respect of subsequent events?
Wiki User
∙ 11y ago
Material happening occurring after the date of the financial statements but before the audit report is issued. Footnote disclosure is required so that financial statement users are properly informed. The subsequent event typically has a significant impact on financial position or earning capacity. Examples of subsequent events requiring disclosure are lawsuits, impairment of assets, and permanent decline in price of securities.
Wiki User
∙ 11y ago
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What are the post audit responsibilities in completing the audit?
Postaudit responsibilities include consideration of- 1.Subsequent events occurring between the date and issuance of the auditors report.2.The discovery of existing facts.3.The discovery of omitted procedures.
What is subsequent events?
Events that occurred after, or later in time than, the event you are talking about. For example: The king believed that the people would accept the heavy taxes he imposed, but subsequent events proved him wrong.
What does inception mean?
An event that is the beginning; a first part or stage of subsequent events
What were the responsibilities of of moctezuma?
ONE of the many responsibilities that moctezuma had was to watch the night sky for signs that might tell the future events for his people
Why is the Star-Spangled Banner performed before sporting events?
To honor and respect our country at national events.
What is meant by 'in light of subsequent events'?
This phrase refers to considering something in relation to events that occurred later. It is often used to show how new information or developments can change one's understanding or judgment of a past situation.
What were the the responsibilities of men compared to those of women in ancient Athens?
they discuued their events and protect their women
What does The first law of probability state?
States that the results of one chance event have no effect on the results of subsequent chance events.
What motivated Adolf Hitler to be involved in Fascism?
His summation subsequent to the interpretation of historical events in what is today's German political and demographic location.
What is the responsibilities of official of equestrian?
their primary role is to ensure that the competitors (horses) are adequately fed and watered before and after the events.
What special events or festivals in Morocco?
Because the special events they celebrate in Morocco is a Traditional thing they do in Morocco thissymbolizes the amount of respect they are retrieving here master..
What is expost factor?
Ex post facto is a Latin term meaning "after the fact" or "in the light of subsequent events" and refers to things with retroactive effect or force.
