ACC 492 Week 5 Individual

May 8th, 2015
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ACC 492 Week 5 Individual

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ACC492 Week 5 Individual19-23A. There are two types of subsequent events. One type of subsequent takes place after the balance sheet date and prior to the auditors report. A disclosure is required for the financial statements; however, no adjustments would be made to the financial statements.The other subsequent event may possibly affect the companys financial statements, as it exists at the time the balance sheet is produced, and requires changes to be made in the balance sheet.The difference between the two subsequent events are that one does not necessitate adjustments to be made on the balance sheet; however, needs disclosures added in the financial statements. The other subsequent event is any occurrence that alters what the client considers fact when the balance sheet is produced that requires changes to the balance sheet.B. 1. Examine the most recent existing interim

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