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.

---

Definitions:

Biological Needs

Basic requirements for human survival, such as food, water, shelter, and oxygen.

Social Needs

Fundamental human requirements for belonging, affection, acceptance, and companionship, which are essential for psychological well-being.

Anorexia Nervosa

A psychological and possibly life-threatening eating disorder characterized by an extreme fear of weight gain and a distorted perception of one's body weight or shape.

Drastically Thin

This term does not correspond to a universally recognized key concept in a specific domain and might be describing an extreme physical condition.