Milton Green, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31,

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Milton Green, CPA, is auditing the of Taylor for the year ended December 31, 2011. Green plans to sign the auditor's report on March 10, 2012. He is concerned about events and transactions occurring after December 31, 2011, that may affect the 2011 What are the general types of subsequent events that require Green's consideration and evaluation?
b. What are the auditing procedures Green should consider performing to gather evidence concerning subsequent events?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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a The first type of subsequent events includes those events that provide additional evidence concerning conditions that existed at the balance sheet d...View the full answer

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