Question: What are subsequent events? Give 4 examples. What work is required to be performed by the auditor on these events? Differentiate between Type 1 and

What are subsequent events? Give 4 examples. What work is required to be performed by the auditor on these events? Differentiate between Type 1 and Type 2 subsequent events? What work is required for each type?

What two criteria must be met for the financial statements to be adjusted for a subsequent event?

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