Identify the Two Primary Types of Subsequent Events That Require

question 47

Essay

Identify the two primary types of subsequent events that require consideration by management and evaluation by the auditor and give two examples of each type.

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Definitions:

Volt Amps

A unit of measurement for electrical power in an AC circuit, reflecting the apparent power used by electrical equipment.

Subbasement Wiring Closet

A dedicated space, typically located in the subbasement of a building, for housing telecommunications and networking equipment.

Toner Vacuum

A vacuum used inside a laser printer that will not damage the vacuum as a result.