Question

what major considerations should the auditor consider in determining how extensive the review of subsequent events should be?.

Answer 1

The following factors should be taken into account by the auditor when deciding the scope of the subsequent events review: The company's financial stability and profits consistency, The efficiency of internal controls within the company.

What main factors should the auditor take into account when deciding how thorough the evaluation of later occurrences should be?

1. The interval between the balance sheet date and the audit's conclusion
2. Staff changes in important positions

Additionally, PCAOB mandates that auditors enquire about changes to internal control over financial reporting that have occurred since the end of the fiscal quarter and may have a major impact

To know more about PCAOB, refer:

https://brainly.com/question/6249535

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