The Extent of the Responsibility of the Independent External Auditor for Events Subsequent to the Preparation of the Financial Statements and the Discovery of Fundamental errors that Affect the Accounts After the Issuance of his Report

Abstract

The research aimed to ensure that the independent external auditor carries out his responsibilities for events subsequent to the preparation of the financial statements and to discover fundamental errors that affect the accounts after the issuance of his report. The descriptive-inductive approach was adopted and the research was organized as an introduction which is followed by five sections; first: The Professional Responsibility of the Independent External Auditor, second: The Responsibility of the Independent External Auditor in Planning the Audit, the third: The Responsibility of the Independent External Auditor for Subsequent Events, fourth: The Responsibility of the Independent External Auditor for Discovering Errors and Cheating. It ends with the Suggestions and Recommendations.   The most important findings are: The independent external auditor has multiple responsibilities. Some of them are professional and planning and some include taking into account subsequent events and discovering errors.