Assume you are wrapping up the 20X4 audit for your client, West Tech Inc. (WT), a manufacturer of cell phones, tablets, and personal computers. To date there has been every indication that the financial statements of WT present fairly the position of the company at December 31, 20X4 and the results of its operations and cash flows for the year then ended. WT had total assets of $5 million and a net profit for the year (after deducting federal and state income taxes) of $375,000. The main records of WT include a general ledger, cash receipts journal, voucher register, sales register, check register, and general journal. Financial statements are prepared monthly. Your audit report will be dated February 20, 20X5 and you plan to deliver the reports to the client by March 12, 20X5.

1.Describe the procedures you should perform to obtain sufficient appropriate audit evidence that all subsequent events that require adjustment or disclosure in the financial statements have been identified.