There Are Two Types of Events of Interest to the Auditor

question 49

Multiple Choice

There are two types of events of interest to the auditor

• A)subsequently discovered events
• B)prior period events
• C)subsequent events
• D)current period events
• E)subsequently discovered facts
• F)both A and B
• G)both C and E
• H)both D and E

---

Definitions:

Land-Intensive

Describes production processes or industries that require a large amount of land to produce goods or services, compared to labor or capital.

Petroleum Exports

The selling and shipment of petroleum products from one country to another.

Petroleum Imports

These refer to the acquisition of crude oil or refined petroleum products from foreign countries.