Question: What is the difference between a subsequent event and a subsequently discovered fact? Select answer from the options below A subsequent event is discovered after

What is the difference between a subsequent event and a subsequently discovered fact?

Select answer from the options below

A subsequent event is discovered after the report release date and a subsequently discovered fact is discovered before the report release date.

A subsequent event occurs between the end of fieldwork date and the report release date, whereas a subsequently discovered fact occurs before the end of fieldwork date.

A subsequent event is discovered before the report release date and a subsequently discovered fact is discovered after the report release date.

A subsequent event does not require auditors to perform any audit procedures after the date of the financial statements, whereas a subsequently discovered fact does.

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