April 2023
Intermediate to advanced
1056 pages
34h 59m
English
AU-C 560 provides guidance on subsequent events and subsequently discovered facts for:
(AU-C 560.01)
Source: AU-C 560.07. For definitions related to this standard, see Appendix A, “Definitions of Terms”: Date of the auditor's report, Date of the financial statements, Subsequent events, Subsequently discovered facts.
The objectives of the auditor are to:
- obtain sufficient appropriate audit evidence about whether events occurring between the date of the financial statements and the date of the auditor's report that require adjustment of, or disclosure in, the financial statements are appropriately reflected in those financial statements in accordance with the applicable financial reporting framework; and
- respond appropriately to facts that become known to the auditor after the date of the auditor's report that, had they ...