A strategy for answering subsequent event questions

[@nyorhglory]

Thank you Dr.Amanda you are the best auditing facilitator on KZbin I've come across

[@marvelouss719]

User-if; She is one of best teachers/professors on KZbin. Dr. White is a stark reminder that GREAT teachers are born.

[@patiencekaande4062]

Amanda you're a great teacher.your videos helped me pass my auditing exam..thank you and keep it up!

[@syedshahbaz2004]

HI Amanda...Your videos are really helpful, Thanks !!! Great practice material for exams

[@dineshbk5251]

thank you amanda for great videos

[@amandalovestoaudit]

You are so welcome Dinesh!

[@aizadnorizan]

so now I'm going to love audit and you Amanda.. thank you very much!

[@kingtt1789]

so clearly to understand!!!!!

[@amandalovestoaudit]

Thanks for watching :)

[@alextangh]

You're amazing. Thank you for your effort in these videos

[@nuramirahsharifuddin6009]

Hi Amanda, your videos are really helpful! Many thanks!

[@amandalovestoaudit]

I’m so glad to hear that 😊

[@jubiefrancis2413]

Thank you!!You're awesome...i watched your video and scored 100% in my subsequent events test ☺😊

[@brendaplee]

dang i wish u posted this before my final!

[@student2012ipcc]

Nice presentation madam. Very understandable approach!

[@Nkomazi]

Well summarised. Thank you.

[@aniseslayman]

Hi Amanda, if the non adjusting event is material and management did not disclose it, do auditor issue modified opinion or do nothing?

[@amandalovestoaudit]

It depends on when you discover the information ☺️

[@aniseslayman]

@@amandalovestoaudit if it's in period one or two? We need to ask management to dislose it in the FS is it? And if they refuse to do so that's when auditor issue modified opinion. Am I in the right lane?

[@chenxchiu6591]

Thanks, Amanda, but What about disclose....?

[@neaneakai2469]

I wish I had known these :) yesterday I was doing a group discussion about this in order to get the internship position in one particular company, but unfortunately I could not even answer and give out the idea, and during the presentation as a group when the judge asked me, I just straightly told him that I had never heard of this before :) i know I’m gonna fail for sure cuz everyone seems veay better than me but at least, I was honest :)

[@amandalovestoaudit]

Hi NeaNea - oh no! But if I was a group observer - your honesty would go a long way - and even better - you went and did some research and found this video! Sending positive vibes that you get through to the next round

[@neaneakai2469]

Amanda ~ thank you so much for your encouragement. Maybe that’s not the time I meant to intern? hehe but now at least I kind of know how to solve this problem^^ and please keep posting these kinds of video because they help me a lot as I am now just a new chicken to this area. Thank you and have a nice day^^, my senior

[@tianazhao1587]

you're amazing.

[@tashifabdulhaq9572]

you are amazing

[@quaqmireful]

Thanks!

[@venuamrutham6179]

its very helpfull, no confusion, thank you madam.

[@ahdan47]

what if the adjusting event is material and pervasive? should I still give a modified opinion?

[@amandalovestoaudit]

Yes - you’d go for Adverse (rather than Qualified)

[@ahdan47]

@@amandalovestoaudit thank you so much !!

[@amandalovestoaudit]

You’re welcome!

[@zcxsandi2895]

Hi Amanda, I have a question about these processes. When asking the question of "Could the auditor have known at the date AR signed", if it is a yes, then would the auditor be charged of negligence because of he/she missed something that could've been discovered?

[@Johndoe205525]

Does this work for GAAP?

[@articulate1935]

fa I am also wondering the sane

[@yoomyoui7668]

Sorry to ask . Can i know what is EOM

[@amandalovestoaudit]

+Amirah Aszeli Emphasis of Matter paragraph (see ISA/ASA 706)

[@lq9922]

LOOOOOVE YOUR VIDEOS!!PLEASE KEEP POSTING!!!!

[@sonofasgard3938]

Can someone clarify.... 2nd row (after the audit report but b4 FR issued) , mngt agrees to adjust or not. In that case the Audit Report is corrected or reissued?

[@amandalovestoaudit]

If mgmt agree to adjust - then we re-issue the Audit report and it goes out as normal with the financial report If they do not agree - we still re-issue (but modified) and it goes out with the financial report Hope this clears things up :)

[@sonofasgard3938]

@@amandalovestoaudit Thank you. Great video!

[@nathanma4273]

it seems like you are in charge in both undergraduate and postgraduate audit teaching, Brett doesn't need to do anything.

[@chesterpepler6205]

You Just scrunched a days worth of boring, unnecessary complicated lecturing into 12 minutes.. Thaaank Yooooou! :D

[@shahroonsaeed]

Thanks Amanda you doing a great work... But i request you to please buy a new camera with better resolution.

[@RK-ie6op]

hurry up asian lady i have an exam in the morning !