Type I and Type II subsequent events don’t exist anymore. The two types of subsequent events are now called ‘recognized’ and ‘non-recognized’ by FASB statement 165, now located at ASC 855-10-50-1. The terms we grew up with have disappeared. I’m still trying to work that into my audit memorandums. May take me a while for that to become second nature.
Here is the original FAS 165, but remember it has been superseded. Go to the codification web site to read the authoritative ASC. (If you haven’t been there before, you have to register to use the site.)