Subsequent Events
Test that each event after the year end is recognised or disclosed as its nature requires.
- Ledger + events after the year end
- Key analysis in Completion
How the result is read
An event after the year end that gives evidence of a condition existing at it adjusts the figures; one that arose after it is disclosed when it matters (IAS 10, FRS 102 section 32, ASC 855; ISA 560 and AU-C 560 for the procedures). Management’s classification is recorded, but the event is read for itself: a customer’s insolvency, the settlement of a claim, a sale of stock below cost after the year end are evidence about the year end, and a register that calls them non-adjusting is listed for the reason to be read.
In the application
Subsequent Events is filed under Completion, index letter L. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under L, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required