Posted: May 24th, 2017
In regard to identifying and evaluating subsequent events, AU 560.12 specifies that the auditor inquires of management having responsibility for financial and accounting matters as to all of the following EXCEPT:
A. any significant changes in capital stock, long-term debt, or working capital to the date of inquiry.
B. the minutes of meetings of directors, stockholders, and other appropriate committees.
C. any substantial contingent liabilities or commitments existing at the balance sheet date or date of inquiry.
D. the current status of items previously accounted for on the basis of tentative, preliminary, or inconclusive data.
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