3. The "subsequent discovery of facts" requiring the recall or reissuance of the financial statements arises only from business events that existed before the date of the auditor's report. False True 4. The 'Permanent File' for recurring audits would include a record of a bond issue by the client. False True 5. An Internal Review is generally conducted by an auditing firm for privately owned entities, and provides a moderate level of assurance. True False 6. The auditor's responsibility for reviewing subsequent events starts with the balance sheet date, and end with the date of the publication of the financial statements by the audit client. False True