L19 Notes_Part_9 - 2/28 balance sheet field work report...

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12/31 2/14 2/28 balance sheet field work report date completion issue date period under audit subsequent events period I. Direct Effect: Events that provide additional evidence about conditions that existed at the balance sheet date (e.g., settlement of liabilities, realization of assets) adjust Types of Subsequent Events I Client financial statements for the period under audit must be adjusted to reflect this subsequent event information.
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12/31 2/14
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Unformatted text preview: 2/28 balance sheet field work report date completion issue date period under audit subsequent events period II. Indirect Effect: Events that occur after the balance sheet date and do not relate to conditions that existed at year-end disclose These subsequent events must be disclosed in the footnotes of the period under audit. The auditor may also consider whether client should prepare: - pro forma financial statements Types of Subsequent Events II...
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L19 Notes_Part_9 - 2/28 balance sheet field work report...

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