Which Event That Occurred After the End of the Financial

question 78

Multiple Choice

Which event that occurred after the end of the financial year under audit but prior to issuance of the auditor's report would NOT require disclosure in the financial statements?

• A) a major drop in the quoted market price of the shares of the corporation
• B) loss of plant or inventories as a result of fire or flood
• C) settlement of litigation when the event giving rise to the claim took place after the balance sheet date
• D) sale of a bond or share issue

---

Definitions:

Diversity Initiatives

Programs and policies designed to promote and embrace diversity within an organization, often focusing on inclusion across various dimensions such as race, gender, age, sexual orientation, and disability.

Diversity Management

A strategic approach aimed at fostering a diverse workplace, where different perspectives are valued and contribute to the success of the organization.

Broad Approach

A wide-ranging strategy that encompasses various perspectives or tactics to address a problem or achieve a goal.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring that men and women are given equal pay for equal work.