Which of the following is a 'Subsequent Event' in a SOC engagement?

Answer options:

An event that occurred before the period began.

An event that occurred after the period end date but before the report was issued.

An event that occurred during the period.

An event that occurred 5 years ago.

How to approach this question

Subsequent = After the period, before the report.

Full Answer

B.An event that occurred after the period end date but before the report was issued.✓ Correct

A subsequent event is a significant event that occurs after the reporting period ends but before the auditor's report is issued. If it materially affects the system or controls, it may need to be disclosed.

Common mistakes

Confusing subsequent events with events during the audit period.

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