Cosenzo LLP is auditing the Year 1 financial records of Pecoraro LLC, a publicly traded manufacturing company. Pecoraro has a December 31 year-end. Cosenzo performed their year-end audit during January and February of Year 2. The financial statements were issued on March 15, Year 2, the date of audit report.

A. Put a check next to the subsequent event audit procedure(s) that Cosenzo should perform during the audit.

- Review of post balance transactions

- Perform a search for unrecorded liabilities

- Review client bank reconciliations

- Review management representation letter

- Make Inquiries of management regarding any unusual adjustments that may have been made in the month of January and February, Year 2

- Review of the minutes of a stockholders meeting that took place on January 10, Year 2

- Perform inventory test counts

- Examine the latest interim financial statements

- Review cash disbursement procedures for proper segregation of duties.

B. For each of the events listed below, select the classification of the event from the drop-down menu.

Classifications include: 1)Recognized subsequent event, 2)Nonrecognized subsequent event (no footnote disclosure), 3)Nonrecognized subsequent event (footnote disclosure), 4)Not a subsequent event.

Event	Classification
1. There was a $1,000,000 account receivable that was included in Pecoraros December 31 financial statements that was written off in early February, Year 2 due to the customer filing bankruptcy.
2. The company closed the purchase of a competitor in early January, Year 2, an event that is considered significant
3. A material amount of inventory at a remote warehouse location was not counted by the client as of December 31, Year 2.
4. Several Material transactions were not recorded in the financial records of Pecoraro as of December 31. These were uncovered during the audit.

C. For the event listed below, select the appropriate impact of the event on the audit report date from the drop down menu below.

Impact of Report Date Options Include: 1)Use the date of the original audit report, 2) Dual date the report to address the event, or 3) Either dual date OR use the date of the original audit report.

Event	Impact of Report Date
On March 14, Year 2, Cosenzo discovered information about a subsequent event that occurred on March 10, Year 2. Cosenzo determined that the event should be classified as a nonrecognized event. What impact will this subsequent event have on that date of the audit report?