The auditing standard on subsequent events provide the basic principles and
procedures as to the auditor’s responsibilities and deal with:
i. Dating the auditor’s report
ii. Audit procedures
iii. Events after the date of the audit report.
Required:

a) In the context of subsequent events, what is the significance of the data of the
auditor’s report? (3 marks)
b) Outline the audit procedures considered necessary between the balance sheet date
and the date of the auditor’s report. (8 marks)
c) Summarise the appropriate actions of the auditor regarding events after the date of
the audit report. (9 marks)