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Subsequent events refer to significant events occurring between the balance sheet date and the date of the auditor’s report. This AAS lays down the responsibility of the auditor in respect of subsequent events. It also provides the audit procedures for identification of relevant subsequent events, for example, reading minutes, reviewing management procedures, inquiries of management and other concerned persons etc. the Standard also guides the auditor on his reporting responsibilities in respect of subsequent events.

The AAS is effective for all audits commencing on or after April 1, 2000.


Issued in April, 2000.
Published in the Handbook of Auditing Pronouncements, Vol. I, (Edn. 2003).
Also available as a separate publication of the Institute (Price: Rs. 15/-).
ISBN: 81-87072-37-7

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