Which of the following will require the disclosure of subsequent events? Multiple choice question. The subsequent event is material or likely to influence investors' appraisal of the risk and return prospects of the reporting entity. The subsequent event is immaterial and likely to influence investors' appraisal of the risk and return prospects of the reporting entity. The subsequent event is material and likely to influence investors' appraisal of the risk and return prospects of the reporting entity. The subsequent event is material but unlikely to influence investors' appraisal of the risk and return prospects of the reporting entity.