For Audit Purposes, Subsequent Events Are Defined as Events That

question 21

Multiple Choice

For audit purposes, subsequent events are defined as events that occur after the ________.

• A) balance sheet date
• B) date of the audit report
• C) balance sheet date but prior to the date of the audit report
• D) date of the audit report and concern contingencies that are not reflected in the financial statements

---

Definitions:

Overt Resistance

Open and direct opposition or pushback against policies, decisions, or changes within an organization.

Planned Change

A deliberate effort to make systematic changes in an organization or its processes, often involving a structured approach and steps to achieve desired outcomes.

Inevitably Happens

Refers to an event or outcome that is certain to occur, unable to be avoided or escaped.

Individual Resistance

The opposition or pushback by a person against changes or policies that affect them personally or professionally.