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Subsequent Events Checklist — SA 560 Working Paper

The SA 560 review in one paper: the eight standard procedures, an events table with adjusting/non-adjusting treatment, and a dated conclusion — editable in Word.

Free · CORAA original — SA-aligned
Updated 18 Jul 2026
Standard
SA 560 — Subsequent Events
Window
Balance-sheet date → date of auditor’s report
Split
Adjusting vs non-adjusting treatment
Pairs with
SA 580 representation letter
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What’s inside

An excerpt from the template.

SUBSEQUENT EVENTS REVIEW — SA 560 WORKING PAPER

Entity: ___ · Year ended: ___ · Prepared by: __________ · Reviewed by: __________

Purpose: document procedures on events occurring between the balance-sheet date and the date of the auditor’s report (SA 560), and the treatment of each identified event as adjusting (conditions existing at the balance-sheet date) or non-adjusting (disclosure).

Part A — Procedures performed

↑ Excerpt only — the full template is what you download as Word
About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

Everything is generated in your browser and on a stateless API endpoint — no account, no email gate, nothing stored. Edit freely in Word, Google Docs or Pages before sending to your client.

Common questions

FAQs.

What is the difference between adjusting and non-adjusting events?
Adjusting events provide evidence of conditions that existed at the balance-sheet date — a customer’s post-year-end insolvency proving the receivable was already doubtful — and the financial statements are adjusted. Non-adjusting events arise from conditions after the date — a fire in April, a major acquisition — and are disclosed if material, never adjusted.
Up to which date must subsequent events procedures extend?
To the date of the auditor’s report — SA 560 requires procedures covering the entire period from the balance-sheet date to that date. Events between the report date and the date the financial statements are issued create obligations only if they come to the auditor’s attention.
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