Subsequent Events – Last minute Q – Exam on Wed June 8

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  • #202528
    Mike J
    Participant

    Hello all,

    I’m sorry if this overlaps other questions. While going over my notes and MCQs I realized I’m a little shaky about Subsequent Events and the auditor’s responsibility for them.

    I know the auditor should date his/her report for when sufficient evidence was found to justify the opinion OR he/she can dual date it. Beyond that–whether a Type I or Type II–I’m unsure what the auditor’s responsibility/liability is.

    Knowing my luck, I’m gonna get a fat simulation on it with 20 scenarios. Exam disclosure aside, I’d appreciate any tips, guidance on the subject.

    I know it’s last minute (exam is on Wednesday June 8).

    Thanks. Good luck to everyone on their exam(s)!

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    They don't trust JUST ANYBODY to count beans
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  • #780096
    Skynet
    Participant

    Subsequent events is like a guy hooking up with a Hot Woman at a bar.

    The subsequent event is that 9 months later she comes to tell the guy the kid is his.

    Now the guy can investigate to determine if the kid is his or do nothing and wait to find out on Maury Povich.

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    World Domination Plan

    Phase I : Pass CPA Exams - Complete
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    BEC : 78
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    World Domination Plan

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    Phase II : Megan Fox - Initiated
    Phase III : Bring back 8-Tracks
    Phase IV : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
    Phase V : TBA

    #780097
    Mike J
    Participant

    I'm more of a Jerry Springer, guy. They have stripper poles and boxing sound affects.

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    They don't trust JUST ANYBODY to count beans
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