Subsequent Facts and Events. Jan van Weg, Registeraccountant (RA), is nearing the completion of an audit of the financial statements of Janus, BV, for the year ended 31/12/20X0. Van Weg is currently concerned with determining the occurrence of subsequent events that may require adjustment or disclosure essential to a fair presentation.

Required
A. Describe what is meant by ‘subsequent events’.
B. How do those subsequent events which require financial statement adjustment differ from those that require financial statement disclosure?
C. Distinguish between the two general types of subsequent events and explain how they differ.
Give two examples of each type.
D. Identify five audit procedures normally performed as a part of the review for subsequent events.