The Auditor May Discover an Event After the Last Date

question 87

True/False

The auditor may discover an event after the last date of field work,but prior to the issuance of the report.If this event is disclosed,the auditor has no other option but to extend the review for subsequent events.

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Definitions:

Goods Trade Surplus

An economic situation where a country exports more goods than it imports, leading to a positive trade balance.

Trade Surplus

A scenario in which the value of goods a nation sells to other countries is greater than what it purchases from them, leading to a favorable trade balance.

World Trade Organization

An international organization that regulates and facilitates international trade between nations.

U.S. Goods

Products and services that are produced within the United States.