An example of a Type I subsequent event is:

Multuple Choice

the entitys Board of Directors unexpectedly resigns after the balance sheet date.

notification of an IRS audit after the balance sheet date.

a tornado that destroys an entity$/$s factory after the balance sheet date.

an event after the balance sheet date that confirms the audinor's belief $($documented prior to the end of the entity's fiscal year$)$ that a large portion of the en