Events after the financial statement date

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• Auditing Concerns for Financial Statements - Subsequent Events

  However, according to past experience, there have proven to be many events or transactions that sometimes occur after the balance-sheet date, but prior to the issuance of the financial statements that can have a material effect on the financial statements

• The Responsibilities of an Auditor

  However, according to past experience, there have proven to be many events or transactions that sometimes occur after the balance-sheet date, but prior to the issuance of the financial statements that can have a material effect on the financial statements

• Auditing Procedures and Subsequent Events

  He should made inquiring about procedures he feels are important to dispose of question, obtain letter of representation from the appropriate officials like the CEO, CFO as to whether any significant events happened after the date of the financial statement

• Subsequent events review of items for disclosure

  Type 1 events will require changes to the amounts in the financial statement. Type 2 events will be disclosed in the subsequent event footnote as part of the financial statement disclosures.

• Auditors Responsibility of Subsequent Events

  Running Head: SUBSEQUENT EVENTS Subsequent Events & Audit Dating Answer (a). The period between the date of preparation of financial statements and auditor's report is known as subsequent period.

• Tracy Brewing Company audit change: Adjust, disclose, revise

  Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued or are available to be issued. There are two types of subsequent events: a.

• Keystone Corp: Discuss post balance sheet events effects

  Instructions Discuss how the preceding post-balance sheet events should be reflected in the 2010 financial statements. A subsequent event is one which occurs after the balance sheet date but before issuance of the financial statements.

• Accounting codification FASB in 2011: Intangibles and impairment

  after balance sheet date but before the issue of financial statements.

• Post Balance Sheet Events: Treatment in financial statements

  FASB Statement No. 165 sets standards for the disclosure of events that occur after the balance sheet date but before the financial statements are issued.