Case Studies Related to the Application of the International Standard on Auditing 560 ”Subsequent events”

Author:Urania MOLDOVANU

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Keywords:subsequent event, significant information, liability coverage, other auditor, management inquiry, financial statements adjustment, procedures, qualified opinion

Abstract:
The article makes comments on the International Standard on Auditing 560 „Subsequent events”, in the field of the a of the subsequent event concept, the signification of certain key terms, auditor’s liability, events occurring until the auditor’s report is issued, audit procedures after the reporting date. \r\nThe second part of the article has an obvious practical character, presenting, analyzing and commenting upon a series of case studies relevant for the proposed theme, representing a real guide for auditors. \r\n

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