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J.J. Richards is auditing the financial statements of FWE Corporation for the year ended 30 June 2017. J.J. Richards is concerned about after- Balance-date events

J.J. Richards is auditing the financial statements of FWE Corporation for the year ended 30 June 2017. J.J. Richards is concerned about after- Balance-date events that may affect the financial statements.

REQUIRED:

(a) Describe the purpose of a review of after-balance-date events.

(b) What audit procedures should J.J. Richards undertake to gather evidence concerning after-balance-date events?

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