You are an audit assistant allocated to perform the audit of Topporene Ltd for the year ended 30 June 2015. The managing director of Topporene is interested in the audit responsibilities for identifying subsequent events. The audit partner would like you to document these responsibilities in a memo to the managing director. The detailed audit work is expected to be completed by 31 August 2015. It is planned that:

• the auditor's report will be signed on 15 September 2015

• the financial statements will be sent to shareholders on 30 September 2015.

Required

a. In your memo, explain the auditor's responsibilities for identifying subsequent events in the following periods:

◦ 30 June 2015 to 31 August 2015

◦ 1 September 2015 to 15 September 2015

◦ 18 September 2015 to 30 September 2015

◦ 1 October 2015 onwards.

b. Discuss the procedures involved in identifying subsequent events.