What are the types of subsequent events relevant to financial statement audits? Give one example of each
Question:
What are the types of subsequent events relevant to financial statement audits? Give one example of each type of subsequent event that might materially affect the financial statements.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (15 reviews)
The two types of subsequent events that require consideration by management and evaluation by the auditor relevant to financial statement audits are Type I Events that provide additional evidence abou...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
Question Posted:
Students also viewed these Auditing questions
-
What are the types of subsequent events the auditor should identify and evaluate as part of performing an audit? Give an example of each type of subsequent event. How should each type be handled in...
-
What are the types of system changes an IT auditor should be aware of? Diagram the processes of those three types of changes. What are the control points?
-
What are the types of B2B advertising, and how do these differ from more general consumer advertising?
-
The preparation of an organization's budget: a. forces management to look ahead and try to see the future of the organization. b. requires that the entire management team work together to make and...
-
How can you prepare for a situational or behavioral interview if you have no experience with the job for which you are interviewing?
-
The compression ratio of an Otto cycle, as shown in Figure 22.13, is VA/VB = 8.00. At the beginning A of the compression process, 500 cm3 of gas is at 100 kPa and 20.0C. At the beginning of the...
-
Refer to the Arctic Springs Filtration Department Data Set. Complete Steps 3 and 4 of the process costing procedure: Summarize total costs to account for and then compute the cost per equivalent unit...
-
Swisscom AG, the principal provider of telecommunications in Switzerland, prepares consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). Until 2007,...
-
For a particular Java assembler interface, it is known that the operand stack size has the following probability distribution function: 0 1 2 3 4 . 2 5 . 2 0 . 1 8 . 1 7 . 2 0 What is the Expected...
-
If the Marifield Steel Fabrication Company earned $500,000 in net income and paid a cash dividend of $300,000 to its stockholders, what are the firms earnings per share if the firm has 100,000 shares...
-
Provide two examples of commitments. Under what conditions do such commitments result in a decrease in Other Comprehensive Income?
-
Under what circumstances would the auditor dual date an audit report?
-
Is this practice ethical? Discuss.
-
Explain At least one communication challenge for each element and strategies you might use to overcome this problem. Elements of Culture Explain possible communication challenge Communication...
-
Rite Time Lighting has made the decision to "go public" through an initial public stock offering (IPO). Rite Time Lighting undertook this process to
-
Using Katz and Kahn (1966) typology of downward communication and upward communication how would you describe the state of upward and downward communication within your own organization ?
-
After reviewing at least 5 examples of human rights violations below that interest you, identify the specific human right from the Declaration of Human Rights that you think has been violated in any...
-
Think about three incidents in your personal or business experience, where communication between yourself and other people didn't go well. Reflect upon three different situations, involving upward,...
-
Explain how and why employee development and career development activities overlap.
-
Classify each of the following activities as proper or prohibited under the various consumer statutes you have studied. a. Calling a hospital room to talk to a debtor who is a patient there. b....
-
In what way may a tenant be in a difficult position when the premises burn down, even if the lease states that the rent is suspended until the premises are rebuilt?
-
Matt Gunlock, CPA, is performing an audit of the City of Ryan in accordance with generally accepted auditing standards. a. Must Matt be concerned with the city's compliance with laws and regulations?...
-
Wixon & Co., CPAs, is performing an audit of the City of Brummet for the year ended June 30, 200X, in accordance with Generally Accepted Government Auditing Standards. During the course of the audit,...
-
North County School District expended $1,450,000 in federal financial assistance this year. a. Is North County School District required to have an audit in accordance with the Single Audit Act?...
-
Of 15,000 individuals aged 18 years living in Ontario, 5,000 visited their family doctor in the past year and of these individuals 1,875 were diagnosed with lifelong depression. Assuming everyone was...
-
If A = 9 3 -5 -8 -7 01-87 2 00-765 000-4 3 0 0 0 0 -9 then det (A) =
-
To improve the effectiveness of its teaching staff, the administration of a high school offered the opportunity for all teachers to participate in a workshop. They were not required to attend;...
Study smarter with the SolutionInn App