The Auditor Has No Responsibility to Search for Items in the subsequent

question 79

True/False

The auditor has no responsibility to search for items in the subsequent events period that would have an impact on the financial statements.

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Definitions:

Racing Heart

A physiological condition often associated with increased physical exertion, stress, or medical conditions, where the heart beats faster than normal.

Feeling Faint

A transient light-headedness or sensation of near loss of consciousness.

Panic Disorder

A psychiatric disorder characterized by recurrent, unexpected panic attacks and fear of future attacks.

Generalized Anxiety Disorder

A mental health condition characterized by persistent and excessive anxiety and worry about various aspects of daily life, often unlinked to any specific cause.