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.

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Definitions:

Spreadsheet

A digital document that allows the user to organize, analyze, and store data in tabular form.

Attachment

A file or document that is linked or added to another document, email, or message.

Document

A piece of written, printed, or electronic matter that provides information or evidence.

Netiquette

The code of acceptable behaviors and manners while communicating over the Internet, especially in social media, emails, and forums.