Which is an example of the type of event that provides evidence with respect to conditions that
Question:
Which is an example of the type of event that provides evidence with respect to conditions that developed subsequent to year-end?
(a) Loss of plant as a result of fire or flood after year-end
(b) An amount received in respect of an insurance claim that was in the course of negotiation at year-end
(c) Deterioration in financial results after year-end, which may indicate doubt about the going concern assumption in the preparation of the financial report
(d) Bankruptcy of a customer subsequent to year-end, which would be considered when evaluating the adequacy of the allowance for uncollectable accounts
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Related Book For
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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