Subsequent events are events occurring between the date of
financial statements and date of audit report, and facts that known
to the auditor after the date of the auditor's report.
Requirements for Reviewing subsequent events:
- Obtain sufficient appropriate audit evidence about whether
events occurring between the date of the financial statements and
date of the auditor's report that require adjustment of , or
disclosure in, the financial statements are appropriately reflected
in those financial statements; and
- Respond appropriately to facts that become known to the auditor
after the date of auditor's report, that had they been known to the
auditor at that date, may have caused the auditor to amend the
auditor's report accordingly.