Type I Subsequent Events in auditing are : A. Are those events that provide new information about conditions existing at balance sheet date requiring adjustments in the financial statements. B. Involve events occurring after balance sheet date but not requiring to be disclosed in financial statements C. Provide new information about conditions occuring after the balance sheet date and requiring adjustments in financial statements. D. Involve events occurring after balance sheet date and require to be disclosed in financial statements
Type I Subsequent Events in auditing are : A. Are those events that provide new information about conditions existing at balance sheet date requiring adjustments in the financial statements. B. Involve events occurring after balance sheet date but not requiring to be disclosed in financial statements C. Provide new information about conditions occuring after the balance sheet date and requiring adjustments in financial statements. D. Involve events occurring after balance sheet date and require to be disclosed in financial statements
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Auditing: Integral To The Economy
Section: Chapter Questions
Problem 16MCQ
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Type I Subsequent Events in auditing are :
A.
Are those events that provide new information about conditions existing at balance sheet date requiring adjustments in the financial statements.
B.
Involve events occurring after balance sheet date but not requiring to be disclosed in financial statements
C.
Provide new information about conditions occuring after the balance sheet date and requiring adjustments in financial statements.
D.
Involve events occurring after balance sheet date and require to be disclosed in financial statements
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