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Please explain the subsequent events as per the s…

Please explain the subsequent events as per the standards in auditing.

Please explain the subsequent events as per the standards in auditing.

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Kanishka Feb. 16, 2018

Subsequent event is defined as events occurring between the between the date of the financial statements and the date of auditors report. It also refer to significant events which occurred upto the date of report of the auditor of that component. Thus, subsequent events are those events which occur after the date of the balance sheet till the audit report is signed by the auditor.