Which of the following statements, relating to the auditor’s responsibilities regarding su
bsequent events, if any, is/are correct?
(1) Auditors do not have a responsibility to perform. procedures to identify subsequent events after the date of the auditor’s report
(2) Where a material adjusting subsequent event is identified after the financial statements are issued, but prior to approval by the shareholders, the auditor should include a qualified opinion in their audit report if management refuses to adjust the financial statements for the event
A.1 only
B.2 only
C.Both 1 and 2
D.Neither 1 nor 2