You are the audit senior on the audit of an Australian company, Echidna Wines Limited. This company retails Australian wine and beers. During the year the company has expanded rapidly both locally and overseas, particularly in the United Kingdom, the United Stated of America and the European Union. Because of the rapid expansion, accounts receivable and inventories have increased considerably.

Required:

Outline any four (4) audit procedures you would undertake to obtain the necessary assurance that all subsequent events had been identified and considered before finalisation and signing of the financial report and audit report.