If the Client's Balance Sheet Date Is 30 June 2012

question 6

True/False

If the client's balance sheet date is 30 June 2012, the audit report date is 11 September 2012, and the date the financial statements and audit report are issued is 10 October 2012, then the auditor is responsible for reviewing subsequent events occurring between 30 June 2012 and 10 October 2012.

---

Definitions:

Facilitated Diffusion

The passive transport of ions or molecules by a specific carrier protein in a membrane. As in simple diffusion, net transport is down a concentration gradient, and no additional energy has to be supplied. Compare with diffusion and active transport.

Transmembrane Protein

A type of protein that spans across the lipid bilayer of cell membranes, facilitating various cellular functions including transport and signaling.

Concentration Gradient

The gradual difference in the concentration of solutes in a solution between two regions, often leading to diffusion from an area of higher concentration to lower concentration.

Electrochemical

Pertains to the branch of chemistry focused on the relationship between electrical and chemical phenomena, specifically, the movements of electrons and ions.