Procedures Used by an Auditor When Conducting a Subsequent Events

question 30

Multiple Choice

Procedures used by an auditor when conducting a subsequent events review include:

• A) assessing continued compliance with borrowing limits and loan covenants.
• B) enquiring of those charged with governance as to whether any subsequent events have occurred that may affect the financial statements.
• C) reading minutes of the meetings of the board of directors.
• D) all of the above.