If an Entity Had Litigation Pending at the Date of the Financial

question 10

Multiple Choice

If an entity had litigation pending at the date of the financial statements and auditors learn of the outcome of this litigation following the date of their report (but prior to the audit report release date) , this is known as a(an) :

• A)omitted procedure.
• B)prior period adjustment.
• C)subsequent event.
• D)subsequently discovered fact.