Part 1: Introduction, Executive summary
Part 2: The time after end…, Subsequent events, Auditor’s objectives
Part 3: Auditor’s responsibilities
Auditor must ensure that all the events up to the reporting date that needs to be reported in the financial statements have been identified and accounted for appropriately. For events that come in auditor’s notice after reporting date but before auditor’s report is issued, he shall ensure that events requiring adjustments have been accounted for. Auditor is not responsible for events occurring after auditor’s report is issued but if he comes to know of such events that existed before reporting date and could have resulted in a different auditor’s report if they were known to auditor then auditor shall take steps as required by ISA 560.