An example of an event occurring in the period of the auditor's field work subsequent to...
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An example of an event occurring in the period of the auditor's field work subsequent to the end of the year being audited that normally will not require disclosure in the financial statements or auditor's report is: 1. Serious damage to the company's plant from a widespread flood. 2. Issuance of capital stock with restrictive covenants. 3. Settlement of a large liability for considerably less than the amount recorded. 4. Decreasing sales volume resulting from a general business recession. O 1 3 O4 2. An example of an event occurring in the period of the auditor's field work subsequent to the end of the year being audited that normally will not require disclosure in the financial statements or auditor's report is: 1. Serious damage to the company's plant from a widespread flood. 2. Issuance of capital stock with restrictive covenants. 3. Settlement of a large liability for considerably less than the amount recorded. 4. Decreasing sales volume resulting from a general business recession. O 1 3 O4 2.
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Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd Canadian edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang-Hsuan Chen, Gail Cook
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