Which of the following statements best expresses the auditors responsibility with respect to events occurring after the balance-sheet date?

• A.The auditor has no responsibility for events occurring in the subsequent period unless these events affect transactions recorded on or before the balance-sheet date.

• B.The auditor is fully responsible for subsequent events and should extend all detailed procedures through the last day of field work.

• C.The auditors responsibility is to determine that transactions recorded on or before the balance-sheet date actually occurred.

• D.The auditor is responsible for identifying subsequent events affecting the financial statements.