Define What Is Meant by the Term "Subsequent Event

question 47

Essay

Define what is meant by the term "subsequent event". In addition, identify the two types of subsequent events and indicate how auditors should modify the engagement for the discovery of subsequent events.

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Definitions:

Decline Stage

Becoming less intense, subsiding; a period of time when the symptoms of disease start to disappear.

Whooping Cough

A highly contagious respiratory disease caused by the bacterium Bordetella pertussis, characterized by severe coughing spells followed by a whooping sound.

Pertussis

A highly contagious bacterial disease also known as whooping cough, characterized by severe coughing spells.

Immunization

Becoming immune or the process of rendering a patient immune.