Namiki, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31, 2013. Namiki plans to complete the fieldowrk and sign the auditor's report about March 10, 214. Namiki is concerned about events and transactions occuring after December 31, 2013, that may affect the 2013 financial statements.

Required:

a. What general types of subsequest events require Namiki's consideration and evaluation?

b. What auditing procedures should Namiki consider performing to gather evidence concerning subsequent events?