What is the usual order in which financial statements

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Reference no: EM13122459

Q. What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?

Q. Namiki, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31, 2011. Namiki plans to complete the fieldwork and sign the auditor's report about March 10, 2012. Namiki is concerned about events and transactions occurring after December 31, 2011, that may affect the 2011 financial statements.

Required:

a. What subsequent events should be considered?
b. What procueruse should be considered?

Reference no: EM13122459

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