he audit procedures used to identify subsequent events would include:reading board minutes and enquiring about matters discussed at meetingsreading the entitys latest available interim financial report, budgets, cash-flow forecasts and otherrelated management reportsenquiring of the entitys solicitor concerning legal mattersdue to the build-up of receivables, reviewing the level of cash received subsequent to balance datedue to the build-up of inventory, looking at the sales volume and sales prices of the merchandisesubsequent to balance datereviewing technical journals for any recent developments in the high technology equipment theyproducedue to the expansion of the overseas operations, reviewing economic forecasts and articles on theoverseas economies concernedreviewing the procedures that management has established to ensure that material after-balance-dateevents are identified, and enquiring of management as to whether any such events have occurredthat might affect the financial report being reported on.