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Subsequent events procedures Required Explain the difference between the two types of subsequent events

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Subsequent events procedures

Required

1. Explain the difference between the two types of subsequent events. Give an example of each type and explain the type of adjustment (if any) that would be required to the financial report for each.
2. List some audit procedures that should be in the audit plan for this company for the detection of subsequent events occurring prior to the date of the audit report.
3. Explain the auditor’s responsibilities for subsequent events that arise after the date of the audit report (either before or after the date the financial report is issued). What is the difference in the auditor’s responsibilities between these events and those arising before the date of the audit report?