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The auditor's opinion on the fairness of financial statements may be affected by subsequent events. Required: a. Define what is commonly referred to in

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The auditor's opinion on the fairness of financial statements may be affected by subsequent events. Required: a. Define what is commonly referred to in auditing as a subsequent event, and describe the two general types of subsequent events. b. Identify those auditing procedures that the auditor should apply at or near the completion of fieldwork to disclose significant subsequent events.

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