Question: Explain the difference between the two types of subsequent events. Discuss the auditor's responsibility for detecting subsequent events (a) prior to the completion of field

Explain the difference between the two types of subsequent events. Discuss the auditor's responsibility for detecting subsequent events
(a) prior to the completion of field work, (b) prior to signing the and (c) between the date of the and the issuance of the financial statements.

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IAS 10 Events after the Reporting Period and CAS 560 Subsequent Events both explain that there are two types of subsequent events Type 1 Events that provide additional evidence with respect to conditi... View full answer

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