AU 19 - Subsequent Events

Question 1

What date is practitioner responsible for gathering evidence to?

Answer 1

Auditor’s report date - date of auditor’s report on FS.

Question 2

Types of procedures performed by auditor

Answer 2

• understanding of procedures that management has established to ensure that sub events are identified
• inquiring of management and those charged with governance if any subsequent events have occurred
• reading latest interim FS
• obtaining written representation