The statement that best expresses the auditor's responsibility with respect to events occurring between the balance sheet date and the end of the audit is that:

The auditor has no responsibility for events occurring in the subsequent period unless these events affect transactions recorded on or before the balance sheet date.

The auditor's responsibility is to determine that a proper cutoff has been made and that transactions recorded on or before the balance sheet date actually occurred.

The auditor is fully responsible for events occurring in the subsequent period and should extend all detailed procedures through the last day