Explain the difference between the two types of subsequent events. Discuss the auditor's responsibility for detecting subsequent
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(a) prior to the completion of field work, (b) prior to signing the audit report, and (c) between the date of the audit report and the issuance of the financial statements.
Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...
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