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L19 Notes_Part_11 - does the auditor have for events that...

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Subsequent Events How do you become aware of subsequent events? 1.inquire of management - letter of representation 2. minutes 3. review legal correspondence 4. confirm with attorneys. 5. review working papers 6. review interim F/S data, 7. note change in capital structure, 8. post balance sheet adjustments, significant changes Legal Case: Bar Chris
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What responsibility
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Unformatted text preview: does the auditor have for events that occur after the issue date? period subsequent events period under audit 12/31 2/14 2/28 balance sheet field work report date completion issue date Subsequent Discovery of Fact Auditors have no obligation to perform additional procedures after the report date unless they become aware of facts that existed at the report date....
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